YEAHKA Plunges 10% on 9% Discount for Shr Placement to Raise $189M

2025/01/07 01:42 GMT

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YEAHKA (09923.HK) 0.000 (0.000%) Short selling $3.21M; Ratio 9.012% announced a 9% discount to the share placement. Today (7th), YEAHKA's share price opened 7.21% lower before its decline widened, and last plummeted 10.09% to $9.98, with 21.2568 million shares traded, involving $215 million.

The Company announced a top-up placing of 19.15 million shares at a price per share of $10.1, representing a discount of approx. 9% to yesterday (6th)'s closing price of $11.1 per share, raising net proceeds of approx. $189 million.

The Company intended to use approx. 40% of the net proceeds for the expansion of the Group's overseas presence across business segments in Asia; approx. 40% for investment in research and development, including use of AI in proprietary software, to strengthen the competitiveness of the Group's commercial digitalized ecosystem; and approx. 20% for working capital and general corporate purposes.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-14 16:25.)

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