Lisi Group (Holdings) Limited (526) Updates on Subscription Completion and Revised Proceeds Allocation

Bulletin Express11-19

Lisi Group (Holdings) Limited (526) announced key information regarding its completed subscription of 800,000,000 shares to Manukura (CMCI) Limited at HK$0.076 per share. The transaction concluded on 25 October 2024, generating net proceeds of approximately HK$60.45 million.

Originally earmarked for a potential acquisition of Emerald Holding (Luxembourg) S.a.r.l, the proceeds have been reallocated following the closure of that plan. HK$54.405 million is now designated for other investment opportunities, while HK$6.045 million is set aside for working capital. According to the announcement, the revised schedule anticipates usage of the investment portion by 31 December 2027 and the working capital portion by 31 December 2026.

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