Global Strategic Group Limited announced a conditional placing agreement with Rifa Securities Limited on 2 April 2026 to issue up to 37.72 million new shares—equivalent to 20% of its existing share capital—under its general mandate.
• Placement terms – Placing price: HK$0.22 per share, reflecting a 16.98% discount to the 2 April closing price (HK$0.265) and a 15.38% discount to the five-day average (HK$0.26). – Gross proceeds: approximately HK$8.30 million; net proceeds after 2% placing commission and related expenses: about HK$7.88 million. – Net issue price: roughly HK$0.209 per share. – Shares will rank pari passu with existing shares and be listed upon Stock Exchange approval.
• Proceeds allocation (expected utilisation within 12 months) 1. HK$4.30 million (54.58%) – redemption of outstanding bonds. 2. HK$1.00 million (12.69%) – payment of professional fees. 3. HK$2.58 million (32.73%) – general working capital.
• Share capital impact – Current issued shares: 188.60 million. – Post-placement issued shares (assuming full take-up): 226.32 million, with placees holding 16.67%. Executive Director Mr. Wu Guoming’s stake will dilute from 0.86% to 0.72%.
• Other key details – Placing agent: Rifa Securities Limited (Type 1 licensed). – Completion: within four business days after fulfilment of conditions, including Stock Exchange listing approval. – Termination rights: the agent may cancel before 8:00 a.m. on completion day under specified adverse events.
The company views the transaction as a measure to strengthen its capital base and improve financial flexibility while fully utilising its remaining general mandate. Shareholders are advised that completion remains subject to conditions and may not proceed.
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