Sundart Holdings Advances Share Placement Timeline; Targets HK$14.20 Million for 2026 Fitting-Out Projects

Bulletin Express05-15 17:03

Sundart Holdings Limited signed a supplemental agreement on 15 May 2026 to accelerate its ongoing share placement. The long-stop date for fulfilling placement conditions is now 20 May 2026, two days earlier than the original 22 June 2026 deadline. Completion will occur at 4:00 p.m. on the third business day after all conditions are met, shortened from the previously agreed fifth business day. All other terms of the placing agreement remain unchanged.

Net proceeds are still expected to reach approximately HK$14.20 million, earmarked for project costs—primarily material procurement and subcontracting—for fitting-out contracts awarded in 2026. Management intends to deploy the funds in full by 31 December 2026.

The board advises shareholders and potential investors to exercise caution when dealing in the company’s shares.

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