Karrie International Holdings Limited (Stock Code: 1050) published a supplemental announcement regarding its placing of existing shares and top-up subscription under the General Mandate. According to the document, the company plans to use the net proceeds of approximately HK$152 million mainly to purchase machinery and equipment for existing and new production plants in Thailand, to construct factories in Thailand, and to carry out acquisition and merger initiatives. These efforts target expansions in the server enclosure segment, including AI-related production.
The announcement indicates that around 66.67% of the net proceeds is allocated for machinery purchases, about 22.22% is set for constructing factories, and roughly 11.11% is designated for acquisition and merger opportunities. The company expects the proceeds to be applied mostly between the first and second quarters of 2026, with the acquisition and merger activities planned by the end of 2026.
Karrie International also outlined a broader financing strategy to meet its estimated HK$450 million investment needs over the next 12 months, including possible additional bank borrowings or new share issuances. As of 31 December 2025, the group’s unaudited cash balance stood at roughly HK$495.7 million, while the unaudited current portion of bank borrowings was about HK$721.2 million. Given this position, the announcement states that further equity fundraising and borrowings may be pursued as necessary. The company notes that such plans will be carried out subject to suitable terms and in the best interests of shareholders.
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