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DL to raise HK$350M by placing new shares for long term investor

21 Mar 2024

DL Holdings Group Limited (Stock Code: 1709.HK) is pleased to announce that on March 21, 2023, under the General Mandate, the Group entered into the Placing Agreement to place the Placing Shares of up to an aggregate of 100,000,000 new Shares 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 6.44% of the total number of issued Shares as enlarged by the allotment and issue of the Placing Shares in full. The maximum gross proceeds from the Placing are estimated to be HK$350.0 million.

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