Poly Xverse IT Sees 15.3152 Million HKD Warehouse Transfer as 2.899 Million Shares Move Out of Citibank

Stock News10-28

According to the latest data from the Hong Kong Stock Exchange, Poly Xverse IT (00209) experienced a position change on October 27, with a total warehouse transfer market value of 15.3152 million HKD, accounting for 10.74%. The company's shareholder transferred 12.6 million shares into UOB Kay Hian (Hong Kong) and moved 2.899 million shares out of Citibank.

Poly Xverse IT announced that all conditions precedent under the placing agreement have been fulfilled, and the placing was completed on October 23, 2026, in accordance with the terms and conditions of the placing agreement as amended and supplemented by the supplemental agreement. A total of 29.71 million placing shares were successfully placed to no fewer than six placees, representing approximately 16.67% of the company's issued share capital immediately after completion as at the date of this announcement. The adjusted placing price was 0.360 HKD per placing share.

The gross proceeds from the placing amounted to approximately 10.7 million HKD, and the net proceeds from the placing were approximately 10.35 million HKD.

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