Tianjin Construction Development (2515) Announces HK$29.3 Million Share Placement Under General Mandate

Bulletin Express02-11

Tianjin Construction Development Group Co., Ltd. (Stock Code: 2515) entered into a Placing Agreement on 11 February 2026 with UZEN SECURITIES LIMITED. Up to 43,158,000 new shares, representing around 20% of the existing issued share capital, are poised to be placed at HK$0.68 per share. This price reflects a 15.0% discount to the HK$0.80 closing price on the last trading day, 15.2% below the five-day average, and 25.8% below the ten-day average.

Gross proceeds under the agreement are expected to reach HK$29.3 million, with net proceeds estimated at HK$29.2 million. According to company information, the funds are intended for establishing a new mechanical leasing platform, general working capital, and potential future investments if opportunities arise.

Upon completion, the shareholding of Shengyuan Group will be reduced from 51.36% to 42.80%, while the placees will hold approximately 16.67%. The listing of these new shares is subject to approval by the Listing Committee of the Stock Exchange, and completion is contingent upon the terms outlined in the Placing Agreement remaining fulfilled.

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