Yuzhi Agricultural (00875.HK) plans to issue up to 140 million shares at a discount of approximately 18.64%, raising around HKD 32.9 million.

Zhitong Finance APP News: Yuzhi Agricultural (00875.HK) announced that on August 17, 2026 (after the trading session on the Hong Kong Stock Exchange), the company entered into a placing agreement with the placing agent, under which the company conditionally agreed to place a maximum of 140 million placing shares at a placing price of HK$0.24 per placing share to no less than six subscribers (who and their ultimate beneficial owners must be independent third parties) through the placing agent on a best efforts basis. The placing shares will be issued and allotted according to the general mandate granted to the directors at the annual general meeting of shareholders. The issue and allotment of placing shares do not require shareholder approval.