RIMAG GROUP(02522) to place shrs for HK$195M X

25/04/2025 16:29

(Infocast News)     RIMAG GROUP(02522) said that on April 25, 2025 (before trading hours), the Company  has agreed to  place  9,750,000 Placing Shares at the Placing Price of HK$20.00 per Placing Share. The number of 9,750,000 Placing Shares represents approximately  3.76% of the number of issued H Shares and approximately 2.66% of the number of issued Shares as enlarged by the allotment and issue of the Placing Shares.

The Placing Price of HK$20.00  represents  a discount of approximately 14.89% to the closing price of HK$23.50 per H Share as quoted on the Stock Exchange on April 24, 2025.

Tt is expected that the gross proceeds and net proceeds from the Placing will be approximately HK$195.00 million and HK$182.29 million, respectively.  The Company intends to allocate the net proceeds as follows:

1.approximately 50% for business investment and mergers and acquisitions, to continue to expand the coverage of the Group’s imaging center business through multiple initiatives such as independent investment and construction, industrial investment and incubation, acquisitions and mergers and acquisitions, etc.;
2. approximately 25% for overseas business expansion and layout, to further expand business exploration in overseas markets;
3. approximately 15% for data and R&D, to deeply explore the value of medical imaging data and build an AI and intelligence ecosystem; and
4.  approximately 10% of the net proceeds of the Placing, or approximately HK$18.23 million for supplementing general working capital.

(SY)

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