VSING (08292) Plans to Place Up to 150 Million Shares at 8.05% Discount, Raising Approximately HK$59.2 Million

Stock News12-01

VSING (08292) announced that on December 1, 2025 (after trading hours), the company entered into a placement agreement with a placing agent. Under the agreement, the company appointed the placing agent to issue up to 150 million placement shares at HK$0.40 per share to no fewer than six independent placees, subject to fulfillment of the conditions precedent.

Assuming full subscription, the maximum 150 million placement shares represent approximately 13.91% of the company's issued share capital of 1.078 billion shares as of the announcement date, and about 12.21% of the enlarged issued share capital post-placement.

The placement price of HK$0.40 per share represents an 8.05% discount to the closing price of HK$0.435 per share on the Hong Kong Stock Exchange on December 1, 2025.

If fully subscribed, the gross proceeds from the placement will amount to approximately HK$60 million, with net proceeds estimated at around HK$59.2 million. The company intends to allocate about 50% (HK$29.6 million) of the net proceeds to develop its VSING business segment, while the remaining funds will be used for general working capital purposes.

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