VSING allocates entire HK$12.30 million placing proceeds to Vietnam plastics expansion and working capital

Bulletin Express07-27

VSING (08292) disclosed in a 27 July 2026 supplemental announcement that all net proceeds of HK$12.30 million from its share placing completed on 28 February 2025 were fully deployed by 31 December 2025, exactly in line with the original plan outlined in the 2025 Annual Report.

• Strategic investment: HK$5.00 million was channelled into the Group’s manufacturing and sale of plastic products in Vietnam, underpinning its regional production capabilities.

• Working-capital support: The remaining HK$7.30 million funded day-to-day operations, including HK$3.44 million for professional fees, HK$3.65 million for salaries and allowances, and HK$0.21 million for other office and miscellaneous expenses.

The Board confirmed that no unutilised balance remains from the placing proceeds and stated that all other disclosures in the 2025 Annual Report, released on 29 April 2026, remain unchanged.

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