BATELAB(02149) to place up to 3M shrs for HK$120M X
21/05/2025 12:34
(Infocast News)     BATELAB(02149) has agreed to place up to a maximum of 3,000,000 Placing Shares at the Placing Price of HK$40.00 per Placing Share.
Assuming that there will be no change in the number of issued Shares between the date of this announcement and the Completion Date, the maximum number of 3,000,000 Placing Shares under the Placing represents 16.67% of the number of issued H Shares and approximately 4.76% of the number of issued Shares as enlarged by the allotment and issue of the Placing Shares.

The Placing Price of HK$40.00 per Placing Share represents  a discount of approximately 10.41% to the closing price of HK$44.65 per H Share as
quoted on the Stock Exchange on 20 May 2025.

It is expected that the maximum gross proceeds and net proceeds (after deducting the Placing commission and other relevant costs and expenses of the Placing) from the Placing will be approximately HK$120.00 million and HK$116.58 million, respectively. The net proceeds from the Placing are intended to be used for (1) increasing the investment in upstream manufacturing resources, including but not limited to building its own wafer fabs and strengthening cooperation with existing wafer fabs; and (2) other general working capital.

(SY)

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