GW TERROIR (00524) intends to grant a discount of approximately 14.5% for the issuance of up to 39.3855 million shares, raising approximately HK$180.1 million net.

GW TERROIR (00524) released an announcement on April 24, 2026, stating that the company has entered into a placing agreement with the placing agent. Under this agreement, the placing agent agrees to place up to 39.3855 million new shares on behalf of the company to no fewer than six independent placees at a price of HK$0.470 per share. The maximum number of shares to be placed, 39.3855 million shares, represents approximately 20% of the total issued share capital of the company as of the date of the announcement, and approximately 16.67% after the placing exercise. The placing price is HK$0.470 per share. The closing price of the shares on the Stock Exchange of Hong Kong on the date of the placing agreement (April 24, 2026) was HK$0.550 per share, representing a discount of approximately 14.5%. The net proceeds from the placing exercise, approximately HK$18.01 million (assuming full subscription of the placed shares and after deduction of all relevant costs and expenses), will be used for the general working capital of the group.