361 Degrees International Limited has finalised its previously announced share placing and subscription, securing approximately HK$610 million in net proceeds to accelerate overseas growth initiatives and bolster working capital.
Key Transaction Details • Placing: On 30 April 2026, 100.00 million existing shares were placed with no fewer than six independent investors at HK$6.18 each, generating gross proceeds of HK$618 million. • Subscription: All pre-conditions were met, and on 7 May 2026 the company issued 100.00 million new shares to the selling shareholder at the identical price of HK$6.18 per share. • Net proceeds: After deducting placing commissions, professional fees and related expenses, 361 Degrees received approximately HK$610 million.
Intended Use of Funds • Around 80% (c. HK$488 million) will finance the expansion of the group’s overseas market network, covering store leasing and renovation, e-commerce platform establishment, potential acquisitions, marketing and brand promotion, and new subsidiary setup. • The remaining 20% (c. HK$122 million) is earmarked for general working capital, supporting day-to-day operations and seeding new overseas entities.
Share Capital and Ownership Shifts • Share count: The total issued shares rose from 2.07 billion to 2.17 billion following the subscription. • Controlling shareholders: Their collective stake declined from 48.99% to 46.72%. • New investors: Placees now hold 4.61% of the enlarged share base; no individual placee became a substantial shareholder. • Public float: Public shareholders (including the new placees) own 36.45%, up from 33.38% prior to the transaction.
Other Parties Involved UBS AG Hong Kong Branch acted as sole placing agent for the transaction.
Board Composition The board comprises four executive directors—Ding Wuhao, Ding Huihuang (Chairman), Ding Huirong and Wang Jiabi—and four independent non-executive directors—Wu Ming Wai Louie, Hon Ping Cho Terence, Chen Chuang and Ferheen Mahomed.
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