---
title: "REF Holdings plans HK$23.4 million share placing to fund financial printing expansion"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286125012.md"
description: "REF Holdings Limited plans to raise approximately HK$22.71 million through a share placing of up to 51.2 million new shares at HK$0.457 each. This placement, representing about 20% of existing share capital, aims to fund the expansion of its financial printing services and strengthen its financial position. While the move may dilute existing shareholders, it is seen as a strategic step to enhance capital flexibility and competitiveness in the market. The completion of the placing is conditional and may not materialize."
datetime: "2026-05-12T15:08:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286125012.md)
  - [en](https://longbridge.com/en/news/286125012.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286125012.md)
---

# REF Holdings plans HK$23.4 million share placing to fund financial printing expansion

### Claim 55% 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

REF Holdings Limited ( (HK:1631) ) has shared an update.

REF Holdings Limited has entered into a placing agreement with Kingston Securities to issue up to 51.2 million new shares under its general mandate at HK$0.457 per share to at least six independent professional or institutional investors. The placement, representing about 20% of existing share capital and 16.67% of the enlarged base, is expected to raise net proceeds of approximately HK$22.71 million to fund the expansion of the company’s financial printing services, strengthen its financial position and broaden its shareholder base.

Management describes the placing terms, including a 2% commission to the placing agent, as fair and in line with market practice, positioning the transaction as a strategic move to support growth and enhance capital flexibility. The planned share issuance may dilute existing shareholders but is intended to improve funding capacity and industry competitiveness, and investors are cautioned that completion of the placing remains conditional and may not materialise.

**More about REF Holdings Limited**

REF Holdings Limited is a Cayman Islands-incorporated company listed in Hong Kong that focuses on financial printing services, catering to professional and institutional clients involved in capital markets and regulatory disclosure. The group operates within the financial services support sector, offering specialised printing solutions for corporate communications and market-related documentation.

**Average Trading Volume:** 81,206

**Technical Sentiment Signal:** Strong Buy

**Current Market Cap:** HK$130.6M

### Related Stocks

- [01631.HK](https://longbridge.com/en/quote/01631.HK.md)

## Related News & Research

- [REF Holdings Wins Strong Shareholder Backing at 2026 AGM](https://longbridge.com/en/news/285382026.md)
- [REF Holdings profit nearly halves in 2025 on weaker revenue](https://longbridge.com/en/news/277963495.md)
- [18:14 ETBLUE OCEAN TECHNOLOGIES APPOINTS WILLIAM GOODBODY, JR. AS HEAD OF MARKET OPERATIONS FOR BLUE OCEAN ATS IN AUSTRALIA](https://longbridge.com/en/news/286972217.md)
- [11:20 ETStretch-n-Grow Celebrates 34 Years of Impact and Announces Strategic Franchise Expansion Partnership with BrandONE](https://longbridge.com/en/news/286938773.md)
- [13:22 ETBUILT-RIGHT DIGITAL LAUNCHES SCALABLE MARKETING INFRASTRUCTURE FOR HOME SERVICES FRANCHISES](https://longbridge.com/en/news/286949123.md)