---
title: "WellCell completes HK$0.24 top-up placement, raising HK$187.95 million net proceeds"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292883141.md"
description: "WellCell completed a top-up placement of 796 million new shares at HK$0.24 each, raising net proceeds of approximately HK$187.95 million. This follows an earlier placing of existing shares on July 15. Total outstanding shares increased to 4.796 billion, with Hang Feng International’s stake dropping to 24.94%. Proceeds will fund computing-power platform R&D and resource prepayments."
datetime: "2026-07-16T09:28:36.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292883141.md)
  - [en](https://longbridge.com/en/news/292883141.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292883141.md)
generator: "portal-rs"
---

# WellCell completes HK$0.24 top-up placement, raising HK$187.95 million net proceeds

-   WellCell completed a top-up subscription, issuing 796,000,000 new shares at HK$ 0.24 each, raising net proceeds of about HK$ 187.95 million. \* The deal followed a placing of 796,000,000 existing shares at HK$ 0.24, completed July 15 to at least six investors. \* Total shares outstanding rose to 4,796,000,000; Hang Feng International’s stake shifted to 24.94% from 29.9%. \* Proceeds earmarked mainly for computing-power platform R&D, prepayments for computing resources, building a self-owned computing power pool. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wellcell Holdings Co. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260716-12246756), on July 16, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

### Related Stocks

- [02477.HK](https://longbridge.com/en/quote/02477.HK.md)

## Related News & Research

- [WellCell Holdings shareholder places up to 796,000,000 shares at HK$ 0.24 each](https://longbridge.com/en/news/292474848.md)
- [WellCell Launches Novax AI Platform to Advance Enterprise AI Infrastructure](https://longbridge.com/en/news/291115592.md)
- [Envision Greenwise completes HK$549.53 million top-up share placement at HK$4.66 each](https://longbridge.com/en/news/296503427.md)
- [Zhongji Innolight Co.: Revenue and profit surged on booming global AI demand and successful Hong Kong listing](https://longbridge.com/en/news/296610520.md)
- [FDB Holdings files HKEX next-day disclosure return reporting 799.2 million-share capital increase via rights issue at HKD 0.1 each](https://longbridge.com/en/news/296475809.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**