Elife Holdings to Raise Up to HK$27.7 Million via Share Placement

Elife Holdings Limited ( (HK:0223) ) has shared an update.

Elife Holdings Limited has entered into a placing agreement to issue up to 271.22 million new shares, equivalent to about 20% of its existing share capital, at HK$0.102 per share under its general mandate. The placement, on a best-effort basis through DL Securities (HK) Limited to at least six independent investors, is expected to raise maximum gross proceeds of approximately HK$27.66 million and net proceeds of about HK$27.13 million, earmarked for expanding the group’s supply chain business, repaying certain outstanding payables and loans, and bolstering working capital, although completion remains subject to conditions and may not proceed.

More about Elife Holdings Limited

Elife Holdings Limited is a Hong Kong-listed company that operates a supply chain business, focusing on developing and expanding its trading and related operations while maintaining sufficient working capital to support ongoing activities.

Average Trading Volume: 5,151,049

Technical Sentiment Signal: Sell

Current Market Cap: HK$166.2M

For an in-depth examination of 0223 stock, go to TipRanks’ Overview page.