Victory Securities (Holdings) Company Limited disclosed that it has entered into a placing agreement on 11 September 2026 to issue up to 14.12 million new shares at HK$4.25 each.
The placement price represents a 2.75% discount to the 11 September closing price of HK$4.37 and a 2.88% discount to the five-day average of HK$4.38. Allotment will be executed on a best-effort basis through at least six independent placees under the company’s existing general mandate; no additional shareholder approval is required.
Key transaction metrics: • Gross proceeds: HK$60.01 million • Estimated net proceeds: HK$57.66 million (net placing price: HK$4.08 per share) • New shares as a percentage of current issued capital: 6.63% • New shares as a percentage of enlarged capital: 6.22% • Placing commission: 3% payable to Victory Securities Company Limited, an indirect wholly owned subsidiary acting as placing agent • Lock-up: 18 months for all placees
Post-transaction, the company’s share count will rise from 212.98 million to 227.10 million. Chairman Kou Kuen will remain the largest shareholder, with her stake diluted from 50.61% to 47.47%.
Use of proceeds (approximate allocation): • 35% (HK$20.18 million) – Regional expansion and licensing across Asia • 30% (HK$17.30 million) – Additional capital for margin-loan financing • 18% (HK$10.38 million) – Information-technology investment, including AI-driven tools and cybersecurity • 17% (HK$9.80 million) – Selective strategic investments aligned with core business objectives
Completion is contingent on Hong Kong Stock Exchange listing approval and other customary conditions. If these are not met by 2 October 2026, the agreement will lapse. The placing agent retains the right to terminate the deal under defined adverse events, including significant market disruptions or material changes in the group’s financial position.
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