---
title: "LUXXU GROUP completed the placement of 43.1309 million shares, netting approximately HKD 20.8 million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290817132.md"
description: "LUXXU GROUP announced that its placement has been completed on June 25, 2026. The company placed 43.1309 million shares at a price of HKD 0.50 per share to no fewer than six subscribers, raising approximately HKD 20.8 million net. The net proceeds will primarily be used to repay the principal of HKD 17 million of the payable bonds and interest, with the remaining portion used for general working capital and improving cash conditions"
datetime: "2026-06-25T10:43:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290817132.md)
  - [en](https://longbridge.com/en/news/290817132.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290817132.md)
---

# LUXXU GROUP completed the placement of 43.1309 million shares, netting approximately HKD 20.8 million

According to the announcement from LUXXU GROUP (01327), the conditions for the placement have been met, and the placement was completed on June 25, 2026. The placement agent successfully placed a total of 43.1309 million placement shares at a placement price of HKD 0.50 per share to no fewer than six subscribers, representing 20.00% of the existing issued share capital of the company immediately before the completion of the placement; and approximately 16.67% of the enlarged issued share capital of the company after the issuance of 43.1309 million placement shares.

The total gross proceeds and net proceeds (after deducting the placement commission and other related expenses) are approximately HKD 21.6 million and HKD 20.8 million, respectively. The company intends to use the net proceeds from the placement for the following purposes: approximately 91.3% of the net proceeds will be used to repay the group's payable bonds (including interest expenses), specifically a bond with a principal amount of HKD 17 million (originally due in January 2028) along with approximately HKD 2 million of interest payable as of May 31, 2026; and approximately 8.7% of the net proceeds will be used for the group's general working capital and to improve 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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