Jumei Group (01920.HK) completes placement of 74.88 million shares, raising approximately HK$32.5 million net.

Wisdom Financial News APP, Jumei Group (01920.HK) announced that all conditions of the placement agreement have been met, and the placement was completed on June 26, 2026. According to the terms and conditions 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 no fewer than six underwriters, representing approximately 12.74% of the enlarged issued share capital of the company following the completion of the placement. The net proceeds from the placement are approximately HK$32.5 million. The company plans 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 cement projects; and approximately HK$9.75 million (equivalent to 30%) for operating expenses, including rent and management fees as well as management salaries.