ACME INTL HLDGS plans to issue up to 50 million placement shares at a 15% discount
ACME INTL HLDGS plans to place up to 50 million shares at a price of HKD 0.238 per share, representing a 15% discount. This placement accounts for approximately 5.06% of the enlarged issued share capital. The company's board believes that this move will help raise funds to expand its green energy business, strengthen its financial position, enhance share liquidity, and provide interest-free funding for operations
According to the Zhitong Finance APP, ACME INTL HLDGS (01870) announced that on August 28, 2025 (after the trading session of the Stock Exchange), the company entered into a placement agreement with the placement agent, which conditionally agreed to act as the company's agent to procure not less than six subscribers (who and their ultimate beneficial owners must be independent third parties) to subscribe for up to 50 million placement shares at a placement price of HKD 0.238 per share. The placement shares represent approximately 5.06% of the enlarged issued share capital, and the placement price of HKD 0.238 per share is a 15% discount to the closing price of HKD 0.28 per share on August 28, 2025.
Considering the group's financial condition and its plans to further expand its green energy business, the board believes that the placement is an opportunity to raise additional resources to seize business opportunities in the green power energy sector, which can strengthen the group's financial position and expand the company's shareholder base, potentially enhancing share liquidity and providing the company with working capital to fulfill any financial obligations of the group without any interest burden, and is relatively shorter in time and lower in cost compared to other fundraising methods
