DA SEN HLDGS (01580) Calls Off Placing Agreement

Stock News10-08

DA SEN HLDGS (01580) announced that, in relation to the placing of up to approximately 219 million placing shares under a general mandate, given unstable market conditions, the placing agent and the company entered into a termination agreement on October 8, 2026, under which both parties agreed to terminate the placing agreement.

Accordingly, all rights and obligations of the parties under the placing agreement have ceased to be effective from October 8, 2026.

The board considers that the termination of the placing agreement and the placing contemplated thereunder will not have a material adverse impact on the group's financial position and operations.

After taking into account the group's future development and market conditions, the company may consider carrying out alternative fundraising activities.

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