FUTIAN HOLDINGS (08196) has completed the placement of a total of 7.47 million shares, raising approximately HK$42.9 million.

FUTIAN HOLDINGS (08196) announced that the preconditions set out in the subscription agreement have been met. The completion of the subscription will be implemented by December 31, 2025. The subscription agent successfully sold a total of 7.47 million subscription shares to no less than six subscribers at a subscription price of HK$0.60 per share. The directors are deeply aware, fully informed and confident that the subscribers are independent third parties, not related to the company or any of its associates, and will not become major shareholders of the company after completion. The net proceeds from the subscription, approximately HK$4.29 million (deducting the subscription commission payable to the subscription agent and other expenses), will be used for the general working capital and business development of the group.