HAO BAI INTL (08431) plans to discount approximately 5% of the total offering, up to 9.0986 million shares, raising a net amount of approximately 3.3 million Hong Kong dollars.

date
23:22 25/03/2026
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GMT Eight
Hao Bo International (08431) announced that on March 25, 2026, the company plans to privately place a maximum of 9.0986 million shares, equivalent to approximately 4.00% of the total number of shares already issued as of the announcement date. Assuming there are no changes in the issued shares from the announcement date to the completion date, the total number of issued shares after the full placement and issuance of new shares will be approximately 3.85%. The placement price is HK$0.38 per share, representing a discount of approximately 5.0% compared to the closing price of HK$0.40 per share on March 25th.
HAO BAI INTL (08431) announced on March 25, 2026 that the company plans to distribute up to 9.0986 million shares, equivalent to approximately 4.00% of the total issued shares as of the announcement date; assuming there is no change in the issued share capital between the announcement date and the completion date, the total issued shares after the distribution and issuance of new shares would be approximately 3.85%. The distribution price for each share is set at HK$0.38, representing a discount of approximately 5.0% from the closing price of HK$0.40 on March 25. Upon completion, assuming all distributed shares are successfully allocated by the distributing agents, the total estimated proceeds from the distribution are approximately HK$3.46 million, with a net estimated amount of approximately HK$3.30 million. Of the net proceeds, approximately HK$500,000 will be used for director's fees; approximately HK$800,000 for consulting and other professional expenses; approximately HK$200,000 for audit fees; and the remaining approximately HK$1.8 million for general operating funds of the group.