Jakota Capital (Holding) Group (01468.HK) has signed a placing agreement with Kingkey Securities Group to issue up to 347.36 million new shares—equivalent to 20% of its existing 1.74 billion issued shares—at HK$0.10 per share. The price represents premiums of 12.36% to the 9 March 2026 closing price (HK$0.089) and 13.12% to the preceding five-day average (HK$0.0884).
If fully placed, the transaction will raise gross proceeds of approximately HK$34.74 million. After deducting estimated expenses of HK$0.74 million (including a 1% placing commission of about HK$0.35 million payable to Kingkey Securities), net proceeds are expected to total roughly HK$34.00 million.
Use of funds has been earmarked as follows: • HK$16.00 million (47.06%) for loan repayment; • HK$14.00 million (41.18%) for redemption of corporate bonds; • HK$4.00 million (11.76%) to bolster working capital, covering operating and administrative costs and supporting securities business lines such as margin financing, underwriting and money-lending.
Post-placement, Jakota Capital’s share base would expand to about 2.08 billion shares, with placees collectively holding 16.67% and existing public shareholders diluted to 83.33%.
Completion is contingent on Stock Exchange listing approval, board resolutions and other requisite consents, all targeted on or before the 30 March 2026 long-stop date. The company underscores that the deal is on a best-effort basis and may not proceed if conditions are unmet.
Jakota Capital, an investment holding company, provides securities brokerage, margin financing, underwriting, insurance brokerage, money-lending and related financial services. As of 30 September 2025, the group reported current liabilities of HK$273.06 million against bank balances and cash of HK$75.92 million. No equity fundraising activities have been conducted in the past 12 months.
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