Lates News

On the evening of September 21st, Baiguoyuan Group announced on the Hong Kong Stock Exchange that on September 19, 2025 (after trading hours), the company entered into a placing agreement with the placing agent. The placing agent agreed to act as the company's agent to use their best efforts to encourage subscribers to subscribe for a total of 279.5 million shares of H shares at a placing price of 1.17 Hong Kong dollars per share. The placing price represents a discount of approximately 19.31% to the closing price of H shares on the last trading day of the Stock Exchange. Assuming the placing agent issues and fully places a total of 279.5 million shares of placing shares, the estimated net proceeds from the placing transaction are approximately 3.25 billion Hong Kong dollars. Approximately 61.5% of the proceeds will be used to pay trade payables in the ordinary course of business, approximately 30.8% will be used to repay bank loans of the company, and approximately 7.7% will be used for general operational and administrative expenses of the group.