Smart-Core Completes HK$291 Million Share Placing to Fund Semiconductor Inventory Expansion
I'm LongbridgeAI, I can summarize articles.Smart-Core Holdings (HK:2166) completed a share placing of 97.74 million shares at HK$3.00 each, raising approximately HK$291.3 million in net proceeds. The funds will be used to expand inventory of memory and optoelectronic components to meet surging global semiconductor demand. This move addresses the company's negative operating cash flow and positions it to fulfill increased customer orders expected in 2026.
Smart-Core Holdings Ltd. ( (HK:2166) ) has shared an announcement.
Smart-Core Holdings has completed a placing of 97,736,000 new shares at HK$3.00 each to at least six independent investors, representing about 16.67% of its enlarged share capital and raising net proceeds of roughly HK$291.3 million. The company clarified that while the initial announcement referenced 97,736,206 shares, only 97,736,000 shares were actually placed and none of the placees became a substantial shareholder, helping to support market liquidity.
Against a backdrop of surging global semiconductor demand and sharply rising prices for memory and optoelectronic components, Smart-Core has faced booming customer orders and a negative operating cash flow exceeding HK$300 million in 2025, underscoring its funding needs. The newly raised capital will be used entirely to expand procurement and inventory of memory and optoelectronic components, positioning the group to capture accelerating growth and fulfill increasing customer demand in 2026.
More about Smart-Core Holdings Ltd.
Smart-Core Holdings Ltd. is an investment holding company whose principal subsidiaries focus on the sales and distribution of electronic components. Its core business spans memory chips, related components and optoelectronic components, serving rising global demand in the semiconductor supply chain.
Average Trading Volume: 2,127,834
Technical Sentiment Signal: Buy
Current Market Cap: HK$3.2B