---
title: "LINK HOLDINGS shareholders deposit stocks into JunDa Securities, with a storage market value of HKD 5.2266 million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/245183763.md"
description: "On June 18, LINK HOLDINGS' shareholders deposited stocks into JunDa Securities, with a warehouse market value of HKD 5.2266 million, accounting for 16.67%. On the same day, the company announced that the conditions precedent for the placement agreement had been met, and the placement would be completed on June 18, 2025, at a placement price of HKD 0.120 per share, successfully placing 33.54 million shares to no fewer than six subscribers. It is expected that the loss for the fiscal year 2024 will be approximately HKD 146 million, mainly due to factors such as a decrease in revenue and gross profit, and an increase in financing costs"
datetime: "2025-06-19T00:31:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/245183763.md)
  - [en](https://longbridge.com/en/news/245183763.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/245183763.md)
---

# LINK HOLDINGS shareholders deposit stocks into JunDa Securities, with a storage market value of HKD 5.2266 million

According to the latest information from the Hong Kong Stock Exchange, on June 18, LINK HOLDINGS (08237) shareholders deposited shares into JunDa Securities, with a deposit market value of HKD 5.2266 million, accounting for 16.67%.

On the same day, the company announced that the conditions precedent set forth in the placement agreement had been met, and the placement matter was completed on June 18, 2025, in accordance with the terms and conditions of the placement agreement. According to the terms and conditions of the placement agreement, the placement agent successfully placed a total of 33.504 million placement shares to no less than six subscribers at a placement price of HKD 0.120 per share, which is approximately 16.67% of the enlarged issued share capital of the company following the completion of the placement.

In terms of performance, it is expected that for the year ending December 31, 2024, the group will incur a loss attributable to the owners of the company of approximately HKD 146 million, while for the year ending December 31, 2023, the loss attributable to the owners of the company was approximately HKD 88 million. The board of directors believes that the estimated increase in loss for the fiscal year 2024 is mainly due to the net impact of the following items: (i) a decrease in revenue of approximately HKD 17 million and a decrease in gross profit of approximately HKD 20 million; (ii) an increase in financing costs of interest-bearing other borrowings of approximately HKD 27 million; (iii) a decrease in legal and professional fees for refinancing interest-bearing borrowings of approximately HKD 19 million; (iv) no termination fee for the refinancing plan with the contracting party (fiscal year 2023: approximately HKD 10 million); (v) a non-current asset impairment loss of approximately HKD 45 million based on the latest independent valuation results

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