INVENTECH HLDGS plans to place up to 39.9776 million shares at a discount of approximately 15.19%, raising about HKD 25.…
I'm LongbridgeAI, I can summarize articles.INVESTECH HLDGS plans to place up to 39.9776 million shares on May 13, 2026, at a discount of approximately 15.19%, with a placement price of HKD 0.67 per share. The shares being placed represent 20% of the company's existing issued share capital, and it is expected to raise a net amount of approximately HKD 25.8 million, primarily for repaying outstanding promissory notes and loans, with the remainder used to supplement general working capital
According to the announcement from INVESTECH HLDGS (01087), on May 13, 2026, the company plans to place a maximum of 39.9776 million placement shares, equivalent to 20% of the company's existing issued share capital as of the date of this announcement; and approximately 16.67% of the company's issued share capital after the placement and issuance of all placement shares. The placement price per share is HKD 0.67, representing a discount of approximately 15.19% compared to the closing price of HKD 0.79 per share on May 13. Assuming all placement shares are fully placed, the total proceeds from the placement will be approximately HKD 26.8 million, with the net proceeds estimated to be around HKD 25.8 million. The company intends to use the net proceeds from the placement: 90% to repay the group's outstanding payable acceptance bills and bank and other borrowings; and the remaining 10% to supplement the group's general working capital to cover employee costs, professional fees, and other operating expenses