Platt Nera International Limited (abbreviated: Platt Nera) signed a subscription agreement on 26 June 2026 to place 38.40 million new shares to Hong Kong Tiancao Ecological Technology Co., Limited at HK$0.360 per share.
The issue price represents a 14.29% discount to the same-day closing price of HK$0.420 and a 17.62% discount to the five-day average of HK$0.437. All shares will be issued under the company’s existing general mandate, fully utilising the 38.40 million-share limit approved at the 29 May 2026 AGM.
Assuming completion with no change to the current share base, the placement equals 20.00% of the company’s issued share capital and will enlarge the share count to 230.40 million, with the subscriber emerging as a 16.67% shareholder and becoming a connected person under Hong Kong listing rules.
Gross proceeds are expected to reach HK$13.82 million, with estimated net proceeds of HK$13.70 million (net price: HK$0.357 per share). Planned use of funds: • HK$6.00 million (43.80%) for business development and operational enhancement; • HK$6.00 million (43.80%) for general working capital and administrative expenses; • HK$1.70 million (12.40%) for bank-loan repayment.
Completion is conditional on Stock Exchange approval for listing the new shares and all requisite consents being obtained by 31 July 2026. If conditions are not met by the long-stop date, the agreement will lapse without liability.
Following the deal, the shareholding structure is projected to shift as follows: • Pynk Holdings Limited: 8.85% (unchanged in absolute shares) • He Haisheng: 13.89% • Other public shareholders: 60.59% • Hong Kong Tiancao Ecological Technology Co., Limited: 16.67%
The board views the terms as fair and anticipates the placement will strengthen the balance sheet and broaden the investor base. Shareholders and prospective investors are advised to exercise caution until completion is confirmed.
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