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LESI GROUP Places Shrs at 14.6% Discount w/ Net Proceeds HKD68.9M
LESI GROUP (02540.HK) announced the placement of up to 100 million new shares, representing approximately 16.67% of the enlarged share capital. The placing price is HKD0.7 per shar...
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LESI GROUP Places Shrs at 14.6% Discount w/ Net Proceeds HKD68.9M
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LESI GROUP (02540.HK)  +0.290 (+35.366%)   announced the placement of up to 100 million new shares, representing approximately 16.67% of the enlarged share capital. The placing price is HKD0.7 per share, representing a discount of about 14.63% to the closing price of HKD0.82 on the previous trading day (21st).

The net proceeds from the placing are estimated to be approximately HKD68.9 million. The Company intends to use the net proceeds from the Placing of approximately 35% for technology upgrade in relation to AI short video production and AI advertising technology research and development; approximately 55% for business development of expansion of customer base by optimizing media distribution network; and approximately 10% for the general working capital of the Group.
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