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12/11/2021 09:17

Haidilao (06862) to raise HK$2,337.01 million

[ET Net News Agency, 12 November 2021] Haidilao International Holding Ltd. (06862) said
the company, SP NP Ltd. (the vendor) and the placing agent entered into the agreement,
pursuant to which, (i) the vendor agreed to sell, and the placing agent agreed, as the
sole agent of the vendor to place, on a fully underwritten basis, 115,000,000 existing
shares at the placing price of HK$20.43 per share; (ii) the vendor conditionally agreed to
subscribe for, and the company conditionally agreed to issue, 115,000,000 new shares,
being equivalent to the number of the placing Shares at the subscription price, which is
equivalent to the placing price of HK$20.43 per share.
The net proceeds are estimated to be approximately HK$2,337.01 million, net of
professional fees and out-of-pocket expenses. The company intends to use the net proceeds
for (i) an amount of approximately HK$701.10 million, representing approximately 30.0% of
the net proceeds for enhancing supply chain management and product development; (ii) an
amount of approximately HK$701.10 million, representing approximately 30.0% of the net
proceeds for the repayment of credit facilities; and (iii) an amount of approximately
HK$934.80 million, representing approximately 40.0% of the net proceeds for working
capital and general corporate purpose of the group. (RC)

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