JUNWEA GROUP (01920) completed the placement of 74.88 million shares, raising approximately HK$32.5 million.

JUNWEA GROUP (01920) announced that all conditions of the placement agreement have been met, and the placement was completed on June 26, 2026. According to the terms of the placement agreement, the placement agent has successfully placed a total of 74.88 million shares at a placement price of HK$0.441 per share to not less than six placees, representing approximately 12.74% of the enlarged share capital of the company after the completion of the placement. The net proceeds from the placement are approximately HK$32.5 million. The company intends to use the net proceeds from the placement as follows: approximately HK$22.75 million (equivalent to 70%) for future business opportunities related to the existing business of the group, especially two potential new mud-water engineering projects; and approximately HK$9.75 million (equivalent to 30%) for operational expenses, including rent and management fees, as well as management salaries.