---
title: "LUXXU GROUP plans to place a maximum of 43.1309 million shares, netting approximately HKD 20.8 million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288709611.md"
description: "LUXXU GROUP announced that it plans to place up to 43.1309 million shares at HKD 0.50 per share, raising approximately HKD 20.8 million net. The net proceeds will mainly be used to repay bonds payable and as working capital"
datetime: "2026-06-04T11:08:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288709611.md)
  - [en](https://longbridge.com/en/news/288709611.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288709611.md)
---

# LUXXU GROUP plans to place a maximum of 43.1309 million shares, netting approximately HKD 20.8 million

According to the announcement from LUXXU GROUP (01327), on June 4, 2026, the company entered into a placement agreement with the placement agent, under which the company conditionally agreed to place up to 43.1309 million placement shares at a placement price of HKD 0.50 per share through the placement agent, to no fewer than six subscribers (who are independent third-party professionals, institutions, or other investors unrelated to the company and its connected persons). The placement shares will be issued and allotted under the general mandate.

Assuming all placement shares are fully placed, the maximum number of 43.1309 million placement shares under the placement represents approximately 20.00% of the company's issued share capital as of the date of this announcement and approximately 16.67% of the issued share capital after the issuance of the placement shares.

The placement price of HKD 0.50 per placement share does not represent a discount compared to the closing price of HKD 0.50 per share reported on the Stock Exchange on the date of the placement agreement.

Assuming all placement shares are fully placed, the estimated total gross proceeds and net proceeds (after deducting placement commissions and other related expenses and professional fees) from the placement will be approximately HKD 21.6 million and approximately HKD 20.8 million, respectively. The company intends to use the net proceeds for the following purposes: (i) approximately 91.3% of the net proceeds for repaying the group's payable bonds (including interest expenses); and (ii) approximately 8.7% of the net proceeds for the group's general working capital and improving the group's cash position, thereby helping to establish and enhance the group's existing and future businesses

### Related Stocks

- [01327.HK](https://longbridge.com/en/quote/01327.HK.md)

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