ALCO HOLDINGS (00328) proposes to place up to 57,278,400 shares at a discount of approximately 17.7% to raise net proceeds of approximately HK$21 million

ALCO HOLDINGS (00328) announces that on October 23, 2026, the Company intends to place, through a placing agent on a best-efforts basis, a maximum of 57,278,400 placing shares to placees at a placing price of HK$0.387 per placing share. The maximum number of placing shares represents approximately 16.67% of the Company's issued share capital as enlarged by the allotment and issue of the placing shares. The placing price of HK$0.387 represents a discount of approximately 17.7% to the closing price of HK$0.47 per share as quoted on the Stock Exchange on the date of the placing agreement. Assuming the maximum of 57,278,400 placing shares are fully placed, the gross proceeds and net proceeds are expected to be approximately HK$22.2 million and HK$21 million, respectively. The Company intends to use the net proceeds from the placing for business development in South America and the general working capital of the Group.