[ET Net News Agency, 12 January 2022] Haier Smart Home Co., Ltd. (06690) said the
company and the placing agent entered into the placing agreement pursuant to which the
company agreed to issue 41,413,600 placing shares, and the placing agent agreed, as the
placing agent of the company, to procure, on a best effort basis, placees to subscribe for
the placing shares at the placing price of HK$28, subject to the terms and conditions set
out in the placing agreement.
The gross proceeds and net proceeds from the placing will amount to approximately
HK$1,159.58 million and approximately HK$1,149.98 million, respectively. The net proceeds
of the placing will be used for (1) 70% for production capacity expansion of overseas
industrial parks; (2) 15% for investment in ESG (Environmental, Social, Governance)
related areas, which relate but not limited to the management of impact on environment
throughout product lifecycle, research and development of technologies relating to
energy-saving and low carbon features, and strengthening the ability to pursue carbon
neutrality; (3) 10% for further digitalization of overseas industrial parks; and (4) 5%
for overseas channel expansion and promotion. (RC)