Changes in Hong Kong stocks | Yihuatong (02402) falls by more than 4% and plans to discount nearly 15% of allotments to raise nearly HK$200 million

The Zhitong Finance App learned that Yihuatong (02402) fell by more than 4%. As of press release, it fell 3.67% to HK$25.7, with a turnover of HK$2,3092 million.

According to the news, Yihuatong announced plans to place up to 8.88 million new H shares, which is equivalent to about 3.69% of the company's total issued share capital after expansion. The placement price is HK$22.68 per share, a discount of about 14.99% from the closing price on December 15. The total proceeds and net amounts are estimated to be about HK$201 million and HK$198 million respectively. About 90% of these will be used to repay bank loans, involving 53 bank loans. The remaining 10% will expire between December this year and September next year. General working capital.