Dayu Financial (01073) plans to raise a maximum net share offering of approximately HK$136.1 million according to the “2 to 1” benchmark

According to Zhitong Finance App News, Dayu Finance (01073) issued an announcement. The company proposes to issue up to 1,139 million shares to eligible shareholders at a subscription price of HK$0.12 for every 2 existing shares held on the record date (assuming there is no change in the number of issued shares on or before the record date) to raise up to HK$136.7 million (before deducting expenses).

The maximum net proceeds from the share offering are estimated at approximately HK$136.1 million (assuming no change in the number of issued shares on or before the record date). The company plans to use approximately HK$116.1 million of the net proceeds from the share offering for the Group's margin finance business and HK$20 million for the Group's general working capital.