INVESTECH HLDGS (01087) plans to offer approximately 15.19% of its shares for sale, with a maximum of 39,977,600 shares to be sold. The net proceeds are expected to be approximately HK$25.8 million.

date
20:01 13/05/2026
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GMT Eight
Viva China Holdings Limited (01087) announced that on May 13, 2026, the company plans to privately place up to 39,977,600 shares, representing 20% of the existing issued share capital of the company as of the date of this announcement; and the issued share capital of the company will be approximately 16.67% after the placement and issuance of all privately placed shares.
INVESTECH HLDGS (01087) announced that on May 13, 2026, the company plans to issue a maximum of 39.9776 million shares, equivalent to 20% of the existing issued share capital of the company as of the date of the announcement; and after the issuance and distribution of all the new shares, the company's issued share capital will increase by approximately 16.67%. The issue price for each share is HK$0.67, which is a discount of approximately 15.19% from the closing price of HK$0.79 on May 13. Assuming all the new shares are fully subscribed, the total amount raised from the issuance will be approximately HK$26.8 million, with an estimated net amount of HK$25.8 million. The company plans to use the net proceeds from the issuance as follows: 90% for the repayment of outstanding promissory notes and bank loans; and the remaining 10% for general working capital purposes, including employee costs, professional fees, and other operating expenses.