CHINA NEXT-GEN (03928) has announced that all conditions under the placement agreement have been fulfilled, with the completion of the placement taking place on February 25, 2026. A total of 16 million placement shares, representing approximately 3.23% of the company's total issued share capital as enlarged by the allotment and issue of the placement shares, were successfully placed to no fewer than six placees at a price of HK$8.88 per share. The net proceeds from the placement amount to approximately HK$141 million, with the net price per subscription share being approximately HK$8.80.
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