Dashan Education adjusts deadline for share placement
Dashan Education Holdings announced a revised timeline for its placing of new shares under a general mandate. The "Long Stop Date," which represents the deadline for the placement, has been moved forward from July 27, 2025, to July 17, 2025. This change was formalized in a supplemental agreement between the Company and the Placing Agent on July 4, 2025. The company intends to use approximately 80% (HKD38.9 million) for development and expansion of consultancy services for entities, including brand empowerment (HKD29.2 million), and acquisition (HKD9.7 million). Approximately 20% (HKD9.7 million) of the net proceeds will be used for the company's general working capital. The company stated that it is expected the proceeds will be fully utilized on or before 30 June 2026.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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