AQUILA ACQ-Z (07836) intends to issue 1.5585 million approved equity financing shares.

Aquila ACQ-Z(07836) Announcement: The Board of Aquila announced that on March 3, 2025, Aquila, the target company, the controlling shareholders, CMB International Financing Limited, HSBC Corporate Finance (Hong Kong) Limited, and UBS Securities Hong Kong Limited (as joint sponsors), CMB International Financing Limited, Hongkong and Shanghai Banking Corporation Limited, and UBS AG Hong Kong Branch (as joint coordinators, joint global coordinators, joint bookrunners, joint lead managers and capital market intermediaries), as well as Meta Capital Limited, Guotai Junan International Financing Limited and Yingli Securities Limited (as joint lead managers and capital market intermediaries) have entered into a placing agreement. The company (as the issuer) has agreed to the issuance and placement, and each capital market intermediary has respectively agreed (as agent of the issuer) to use their best efforts to solicit a sufficient number of professional investors (to ensure that the total number of professional investors of the issuer at the time of listing will be at least 100 professional investors) to subscribe for 1.5585 million shares of permitted equity financing shares of the company A class shares at HK$10.00 per share in accordance with the terms of the placing agreement and subject to the limitations therein. The permitted equity financing shares represent approximately 0.15% of the issued share capital of the company post-delivery (after the enlargement of the permitted equity financing shares by issuance and placement). The total amount raised from the permitted equity financing shares will be HK$15.585 million. The net proceeds from the permitted equity financing (estimated at approximately HK$14.90 million after deduction of expenses and overheads assuming full payment of discretionary expenses). The company has applied to the Stock Exchange for approval for the company A class shares and the company's listing rights certificates to be listed and traded on the Main Board of the Stock Exchange. The Stock Exchange granted approval on February 5, 2025. After delivery, the company's A class shares and the company's listing rights certificates will be listed on the Main Board of the Stock Exchange.