Huaxia Water Group (08401) plans to sell a maximum of 135.5 million shares at an 18.75% discount to raise about HK$2.62 million

According to Zhitong Finance App, Huaxia Water Group (08401) announced that on July 15, 2026, the company plans to place up to 135.5 million shares placed, which is equivalent to about 20.00% of the company's issued share capital on the date of this announcement, and about 16.67% of the issued share capital expanded after the company issued the highest number of placed shares. The placement price was HK$0.026 per share, a discount of 18.750% compared to the closing price of HK$0.032 per share on July 15. Assuming that all of the placed shares are placed, the total proceeds and net proceeds from the placement will be approximately HK$3.52 million and approximately HK$2.62 million respectively. The Company intends to use all of the net proceeds from the placement as the Group's general working capital.