Global Strategic Group (08007) has announced that on April 2, 2026, following trading hours on the Stock Exchange, the company entered into a placement agreement with a placing agent. Under this agreement, the company conditionally agreed to issue up to 37.7196 million new shares through the placing agent on a best-efforts basis to no fewer than six independent placees. The placing price is set at HK$0.22 per share. The new shares will be issued under the general mandate granted to the directors at the annual general meeting. Shareholder approval is not required for the issuance. Assuming no change in the company's issued share capital from the date of this announcement until the completion of the placement, the new shares will represent approximately 20% of the existing issued share capital as of the announcement date and about 16.67% of the enlarged issued share capital after the placement. The placing price of HK$0.22 per share represents a discount of approximately 16.98% compared to the closing price of HK$0.265 per share on the Stock Exchange on April 2, 2026. If all placement shares are successfully placed, the maximum gross proceeds are estimated to be approximately HK$8.3 million. After deducting placing commissions, professional fees, and other related expenses, the estimated net proceeds are approximately HK$7.88 million. The company intends to use the net proceeds as follows: approximately HK$4.3 million (about 54.58% of the net proceeds) will be used to redeem bonds issued by the company; approximately HK$1 million (about 12.69%) will cover professional fees for the group; and approximately HK$2.58 million (about 32.73%) will serve as general working capital for the group.
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