Tianren Group (01429.HK) plans to place up to 320 million shares at a discount of approximately 15.83%, aiming to raise about HKD 31.7 million.

Zhigang Finance APP reported that Tianren Group (01429.HK) announced that on August 14, 2026, the company plans to place a maximum of 320 million placement shares, accounting for 20% of the company's existing issued share capital as of the date of this announcement; and approximately 16.67% of the companys issued share capital after the placement and issuance of the placement shares. The placement price per share is HKD 0.101, representing a discount of about 15.83% compared to the closing price of HKD 0.120 per share on August 14. Assuming all 320 million placement shares are successfully placed, the total proceeds from the placement is expected to be approximately HKD 32.32 million, with the net proceeds estimated at around HKD 31.70 million. The board intends to use 50% of the net proceeds from the placement to settle trade payables and other payables. The remaining 50% will be used to cover employee costs.