China Canada Guoxin (00899) plans to sell a maximum of 29.677 million shares at a discount of about 12.5% to raise about HK$3.95 million

According to Zhitong Finance App, China Canada Guoxin (00899) announced that on August 24, 2026, the company plans to place up to 29.677 million shares to be placed, accounting for 6.66% of the company's issued share capital on the date of this announcement, and about 6.25% of the company's issued share capital after expanding the highest number of shares to be issued. The placement price for each share placed was HK$0.140, a discount of approximately 12.50% from the closing price of HK$0.160 per share on August 24. Assuming that all of the shares placed have been placed, the total and net proceeds from the placement will be approximately HK$4.15 million and HK$3.95 million respectively. The Company intends to use the net proceeds for the Group's general working capital.