GROWN UP GROUP to Issue 240 Million Shares at a Discount, Raising Approximately HKD 7.8 Million

Stock News06-30

GROWN UP GROUP has announced a share placement agreement. On June 30, 2026, the company plans to allot and issue 240 million subscription shares to the subscriber, Charming Blaze Limited.

This issuance represents approximately 20% of the total issued shares as of the announcement date and about 16.67% of the enlarged share capital following the placement.

The subscription price is set at HKD 0.033 per share. This represents a discount of approximately 15.38% compared to the closing price of HKD 0.039 per share on June 30.

The gross proceeds from the subscription are expected to be HKD 7.92 million. After deducting expenses, the net proceeds are estimated to be around HKD 7.8 million.

The company intends to use the entire net proceeds to supplement its general working capital. This includes covering various operational expenses such as staff costs, sales and distribution expenses, and general administrative costs incurred in the group's daily operations.

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