FLYDOO TECH (08069) plans to discount about 4.38% for the issuance of 136 million shares, raising approximately HK$4 million.

date
01/08/2025
avatar
GMT Eight
Flying Way Travel Technology (08069) issued an announcement that on August 1, 2025, the company intends to subscribe to ASPEC...
FLYDOO TECH (08069) announced that on August 1, 2025, the company plans to issue a total of 136 million shares to the subscriber ASPECT, Inc., representing approximately 16.67% of the company's enlarged issued share capital. The subscription price is HK$0.0306 per share, which is a discount of approximately 4.38% from the closing price of HK$0.032 per share on August 1. The total amount raised from the subscription is approximately HK$4.17 million, with a net amount of approximately HK$4 million. The net proceeds are intended to be used for the promotion of the school travel market and the tourism industry.