DA SEN HLDGS (01580) proposes to place up to 219 million shares at a discount of approximately 19.7%, aiming to raise a net proceeds of approximately HK$52.2 million.

DA SEN HLDGS (01580) announces that on 18 September 2026 (after the trading hours of the Stock Exchange), the Company entered into a placing agreement with the placing agent, pursuant to which the placing agent (as agent of the Company) has conditionally agreed to use its best endeavours to procure not less than six placees to subscribe for a total of 219 million placing shares at the placing price of HK$0.241 per placing share (the Placing Price). Assuming that there is no change in the issued share capital of the Company from the date of this announcement to the completion date, the maximum of 219 million placing shares represent approximately 20.00% of the total number of existing issued shares of the Company as at the date of this announcement; and approximately 16.67% of the total number of issued shares as enlarged by the allotment and issue of all the placing shares. The Placing Price of HK$0.241 per placing share represents a discount of approximately 19.7% to the closing price of HK$0.300 per share as quoted on the Stock Exchange on 18 September 2026 (being the date of the placing agreement). Assuming all the placing shares are fully placed, the gross proceeds from the placing are expected to be approximately HK$52.8 million. After deducting the placing commission and other related expenses of the placing (including, among others, professional fees), the net proceeds from the placing are expected to be approximately HK$52.2 million, representing a net issue price of approximately HK$0.238 per placing share. The Company intends to apply the net proceeds from the placing (i) HK$23 million for repayment of the existing debts of the Group; and (ii) the balance of the net proceeds as general working capital and for the development of existing businesses.