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DL raise HK$223M by placing new shares for long term investors

09 Apr 2024

DL Holdings Group Limited (Stock Code: 1709.HK) is pleased to announce that the conditions to the Placing Agreement had been fulfilled and completion of the Placing took place on 9 April 2024. A total of 64,370,000 Placing Shares have been successfully placed by the Placing Agents to not less than six Placees at the Placing Price of HK$3.50 per Placing Share. The lock-in period is one year, and approximately 4.24% of the issued Shares as enlarged by the allotment and issue of the Placing in full. The maximum gross proceeds from the Placing are estimated to be HK$223.7 million.

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