MINDTELL TECH (08611) plans to place 78 million shares at a discount of about 7.1% to raise about HK$4 million

According to Zhitong Finance App, MINDTELL TECH (08611) issued an announcement. On January 7, 2025 (after the trading period), the company entered into a subscription agreement with the subscriber. According to this, the company conditionally agreed to issue and distribute, and the subscribers conditionally agreed to subscribe 78 million subscription shares. The subscription price was HK$0.052 per share. The subscription price was discounted by approximately 7.1% from the closing price of HK$0.056 per share as reported on January 6, 2025 (the last trading day before the date of the subscription agreement).

After deducting all related fees, the net proceeds from the subscription will be approximately HK$4 million, which is equivalent to a net issue price of approximately HK$0.052 per subscription share. The Company intends to use the net proceeds as the Group's general working capital, including but not limited to employee costs and other administrative expenses.