IMOTIONTECH plans to place approximately 15.495 million shares at a discount of about 8.97%, raising approximately HKD 231 million
IMOTIONTECH announced that it will place up to 15.495 million shares at a price of HKD 15.22 per share, representing a discount of approximately 8.97%. The placement is expected to raise approximately HKD 231 million in net proceeds, with a net placement price of about HKD 14.89 per share after deducting related expenses
According to the announcement from Zhixing Technology (01274), on July 12, 2025, the company entered into a placement agreement with the placement agent, under which the placement agent conditionally agreed to use its best efforts to procure not less than six subscribers (along with their respective ultimate beneficial owners, who will be independent third parties) to purchase up to a total of 15.495 million placement shares, with a placement price of HKD 15.22 per share. The placement price of HKD 15.22 per share represents a discount of approximately 8.97% compared to the closing price of HKD 16.72 per H-share reported on the Hong Kong Stock Exchange on July 11, 2025 (the last trading day immediately preceding the date of the placement agreement).
Assuming all placement shares are fully placed, the estimated net proceeds from the placement (after deducting all fees, costs, and expenses incurred by the company in relation to the placement, including commissions and levies) are expected to be approximately HKD 231 million. Therefore, after deducting such fees, costs, and expenses, the estimated net placement price is approximately HKD 14.89 per placement share
