TechFlow news, August 7 — According to Securities Star, Derin Holdings (01709.HK) announced that on August 7, 2025 (before trading hours), the company, the vendor DA Wolf and Mr. Chen, and the placing agent entered into a placing and subscription agreement, whereby (i) the vendor has agreed to sell, and the placing agent has agreed, as agent for the vendor, to use its best endeavors to procure not less than six placees to purchase the placed shares (totally approximately 201 million shares) at the placing price of HK$2.95 per placed share, and (ii) the vendor has conditionally agreed to subscribe, and the company has conditionally agreed, pursuant to the general mandate, to allot and issue the vendor's back-to-back subscription shares at the back-to-back subscription price equal to the placing price of HK$2.95 per back-to-back subscription share (and the number of back-to-back subscription shares shall be the same as the number of placed shares actually placed by the placing agent under the placing and subscription agreement).
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