Jiayuan Services Launches Discounted Share Placing to Raise HK$15 Million

Jiayuan Services Holdings Limited ( (HK:1153) ) has provided an update.

Jiayuan Services Holdings Limited has entered into a placing agreement to issue up to 60.5 million new shares under its existing general mandate at HK$0.25 per share, representing about 9.89% of its current issued share capital and 9.00% of the enlarged capital. The placing price reflects a discount to recent market prices, and the shares will be placed on a best-effort basis through Bosco Securities Limited to independent investors.

The company expects gross proceeds of approximately HK$15.13 million and net proceeds of about HK$14.60 million after expenses, which will be used to bolster general working capital, strengthen its financial position and settle outstanding payables. The move moderately dilutes existing shareholders but is intended to support day-to-day operations, including rental, staff and professional costs, with completion still subject to conditions that mean the placing may or may not proceed.

More about Jiayuan Services Holdings Limited

Jiayuan Services Holdings Limited is a Cayman Islands-incorporated company listed in Hong Kong that provides property-related services. The group focuses on residential and commercial property management and associated value-added services in the mainland China market, generating recurring fee income from a diversified client base.

Average Trading Volume: 119,571

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$165.2M

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