VSING (08292) plans to offer a discount of approximately 8.05% for the sale of up to 150 million shares, raising approximately HK$59.20 million.

VSING (08292) announced that on December 1, 2025 (after the trading session ended), the company entered into a placing agreement with the placing agent. In accordance with this, the company has appointed the placing agent to place up to 150 million shares at a price of HK$0.4 per share to no fewer than six independent placing persons. Assuming full placement of the shares, the maximum number of shares to be placed is 150 million, representing 13.91% of the company's issued share capital of 10.78 billion shares on the date of announcement, and approximately 12.21% of the enlarged issued share capital after the placement of 150 million shares. The placing price of HK$0.4 per share represents a discount of approximately 8.05% compared to the closing price of HK$0.435 per share on the Hong Kong Stock Exchange on December 1, 2025. Assuming full placement of the shares, the total and net proceeds from the placement are expected to be approximately HK$60 million and HK$59.2 million, respectively. The company plans to allocate approximately 50% of the net proceeds, around HK$29.6 million, for the development of VSING's business segments, while the remaining net proceeds will be used for the group's general operating expenses.