Yunfeng Financial (00376) intends to discount approximately 16.8% in its existing share placement. The net proceeds are approximately HK$1.15 billion.

Wisetong Financial News App: Yunfeng Financial (00376) announced that on September 16, 2025 (before trading hours), the company, the seller Jade Passion Limited, and the placing agent entered into a placing and subscription agreement, under which (i) the seller has agreed to sell, and the placing agent has individually (not jointly or jointly and severally) agreed to act as the seller's agent to make every effort to solicit no less than six underwriters to purchase 1.91 billion shares at a placing price of HK$6.10 per share; and (ii) the seller has conditionally agreed to subscribe, and the company has conditionally agreed to issue and allot shares to the seller at a subscription price of HK$6.10 per share in accordance with the general mandate (the number of such subscription shares shall be the same as the number of shares actually placed and subscribed by the placing agent under the placing and subscription agreement). The placing price of HK$6.10 per share represents a discount of approximately 16.8% from the closing price of HK$7.33 per share on the last trading day on the Stock Exchange.