APOLLO FMG (00860) proposes to place up to 204 million shares, raising approximately HK$116.8 million net.
APOLLO FMG (00860) announces that on October 8, 2026, the Company proposes to place up to 204 million placing shares, representing 20.00% of the entire issued share capital of the Company as at the date of this announcement; and approximately 16.67% of the issued share capital of the Company as enlarged by the full allotment and issue of the placing shares. The placing price is HK$0.59 per placing share. Assuming all placing shares are fully placed, the gross proceeds from the placing will be approximately HK$120.6 million. The net proceeds from the placing of approximately HK$116.8 million are intended to be used as: (i) approximately 90% for repayment of the Group's debts; and (ii) approximately 10% for general working capital purposes.
APOLLO FMG (00860) announces that on October 8, 2026, the Company proposes to place up to 204 million placing shares, representing 20.00% of the entire issued share capital of the Company as at the date of this announcement; and approximately 16.67% of the issued share capital of the Company as enlarged by the full allotment and issue of the placing shares. The placing price is HK$0.59 per placing share. Assuming all placing shares are fully placed, the gross proceeds from the placing will be approximately HK$120.6 million. The net proceeds from the placing of approximately HK$116.8 million are intended to be used as: (i) approximately 90% for repayment of the Group's debts; and (ii) approximately 10% for general working capital purposes.
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