---
title: "XXF Group to Raise HK$152 Million via Discounted Share Placing and Top-Up Subscription"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282544030.md"
description: "XXF Group Holdings Ltd. has announced a plan to raise approximately HK$152 million through a discounted share placing and top-up subscription. The arrangement involves selling existing shares by a major shareholder and issuing new shares at HK$0.98 each, representing a discount to market prices. This transaction will dilute existing minority shareholders but will strengthen the company's capital position while maintaining the controlling shareholder's stake. The deal is subject to conditions that must be met within 14 days."
datetime: "2026-04-13T12:07:45.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282544030.md)
  - [en](https://longbridge.com/en/news/282544030.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282544030.md)
---

# XXF Group to Raise HK$152 Million via Discounted Share Placing and Top-Up Subscription

### Claim 30% Off TipRanks

-   Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
-   Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks

XXF Group Holdings Ltd. ( (HK:2473) ) has issued an announcement.

XXF Group Holdings has entered into a placing and top-up subscription arrangement involving the sale of existing shares by a major shareholder and the issuance of an equivalent number of new shares under its general mandate. The transaction is structured so that the placing agent will on a best-effort basis place shares to at least six independent professional or institutional-type investors at HK$0.98 per share, a discount to recent market prices, with the shareholder then subscribing for the same number of new shares.

The placing shares represent about 10% of XXF Group’s existing issued share capital and roughly 9.09% of the enlarged share base after completion of the top-up subscription, assuming full placement and no other changes to capital. Gross proceeds from the new share subscription are expected to total approximately HK$152 million, which will strengthen the company’s capital position while maintaining the controlling shareholder’s stake, though the deal will dilute existing minority shareholders and is subject to conditions that must be satisfied within 14 days.

**More about XXF Group Holdings Ltd.**

XXF Group Holdings Ltd., incorporated in the Cayman Islands and listed in Hong Kong, operates as a publicly traded company with its shares quoted on the Stock Exchange of Hong Kong. The group raises capital through equity market transactions and targets a mix of professional, institutional, corporate and individual investors for its shareholder base.

**Average Trading Volume:** 334,138,218

**Technical Sentiment Signal:** Sell

**Current Market Cap:** HK$1.75B

For a thorough assessment of 2473 stock, go to TipRanks’ Stock Analysis page.

### Related Stocks

- [02473.HK](https://longbridge.com/en/quote/02473.HK.md)

## Related News & Research

- [XXF Group Raises HK$151 Million Through Share Placing and Top-Up Subscription](https://longbridge.com/en/news/283521103.md)
- [Grizzly Announces Private Placement | GZDIF Stock News](https://longbridge.com/en/news/286266580.md)
- [Tencent Music completes $2.6 billion acquisition of podcast platform Ximalaya](https://longbridge.com/en/news/286841981.md)
- [16:51 ETBeverly Hills MD ProRetinol Age Rewind x3 Officially Launches: A New Era of Gentle, Slow-Released Retinol Skincare Backed by Plastic Surgeons](https://longbridge.com/en/news/286966075.md)
- [16:35 ETLucidSound Introduces LS500 Wireless Gaming Headset, Built for All-Day Comfort and Seamless Play Across Devices](https://longbridge.com/en/news/286963993.md)