Victory Securities Plans Discounted Share Placement to Raise Approximately HK$57.66 Million

Stock News09-11

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment