JUNWEA GROUP Announces Share Placement at a Discount, Aiming to Raise HK$32 Million

Stock News06-15

JUNWEA GROUP (HKEX: 01920) has disclosed a proposal for a share placement. The company intends to issue up to 74.88 million placement shares, representing approximately 14.60% of its current issued share capital as of the announcement date. Following the issuance and allotment of these new shares, they would constitute about 12.74% of the enlarged share capital.

The placement price is set at HK$0.434 per share, representing a discount of roughly 13.2% compared to the closing price of HK$0.50 per share on June 15, 2026.

Should the placement agent successfully place all the offered shares, the maximum gross proceeds from the placement are estimated to be around HK$32.5 million. After deducting related expenses, the net proceeds are expected to be approximately HK$32 million. The company plans to allocate these funds towards potential new mud and water engineering projects and for general working capital purposes.

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