---
title: "REF offers a 20% discount on the placement of up to 51.2 million new shares, raising HKD 23.4 million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286174771.md"
description: "According to a report from Economic News Agency on the 13th, REF HOLDINGS announced that it has entered into a placement agreement with the placement agent to place up to 51.2 million new shares at a price of HKD 0.457 per share, raising a maximum of HKD 23.4 million. The group indicated that the price per share represents a discount of approximately 19.8% compared to yesterday's closing price of HKD 0.57, with the new shares accounting for approximately 16.67% of the enlarged share capital, and the placement will be made to no fewer than 6 independent subscribers. The net proceeds from the placement are intended to be used for expanding financial printing services. (wh)"
datetime: "2026-05-13T00:50:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286174771.md)
  - [en](https://longbridge.com/en/news/286174771.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286174771.md)
---

# REF offers a 20% discount on the placement of up to 51.2 million new shares, raising HKD 23.4 million

According to a report from Economic Information Agency on the 13th, REF HOLDINGS (01631) announced that it has entered into a placement agreement with the placement agent to issue up to 51.2 million new shares at a price of HKD 0.457 per share, raising a maximum of HKD 23.4 million.

The group stated that the price per share represents a discount of approximately 19.8% compared to yesterday's closing price of HKD 0.57. The new shares will account for approximately 16.67% of the enlarged share capital and will be placed to no fewer than 6 independent subscribers. The net proceeds from the placement are intended to be used for expanding financial printing services. (wh)

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