Victory Securities (08540) announced on September 11, 2026, its intention to place up to 14.12 million new shares, representing roughly 6.63% of the company's existing issued share capital and approximately 6.22% of its enlarged share capital following the full allotment and issuance of the placement shares.
The placement price is set at HK$4.25 per share, reflecting a discount of about 2.75% to the closing price of HK$4.37 per share on September 11. Assuming all placement shares are fully subscribed, the total gross proceeds from the placement are expected to reach approximately HK$60.01 million, with estimated net proceeds of around HK$57.66 million.
The company intends to utilize the net proceeds to expand its presence in regional markets, particularly by obtaining various licenses across different jurisdictions in Asia, increase capital allocation for margin lending to meet growing client demand, invest in information technology infrastructure including the adoption and development of advanced AI-driven tools and the upgrading of cybersecurity systems, and pursue selective strategic investments to align business objectives and gain access to relevant technologies and markets.
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