ALCO HOLDINGS Plans Placing of Up to 57.2784 Million Shares at 17.7% Discount, Aiming to Raise About HK$21 Million Net

Stock News10-25

ALCO HOLDINGS (00328) has announced that on October 23, 2026, the company intends to place up to 57.2784 million placing shares to placees through a placing agent on a best-effort basis at a placing price of HK$0.387 per placing share.

The maximum number of placing shares represents approximately 16.67% of the company's issued share capital as enlarged by the allotment and issuance of the placing shares.

The placing price of HK$0.387 represents a discount of approximately 17.7% to the closing price of HK$0.47 per share as quoted on the Stock Exchange on the date of the placing agreement.

Assuming that the maximum of 57.2784 million placing shares are fully placed, the gross proceeds and net proceeds are expected to be approximately HK$22.2 million and HK$21 million, respectively.

The company intends to apply the net proceeds from the placing for business development in South America and for the group's general working capital.

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