On 3 August 2026, GoFintech Quantum Innovation Limited (GoFintech Quantum) executed a placing and subscription agreement with its controlling shareholder, Dr. Liu Zhiwei (the Seller), and the joint placing agents Zheshang International and Fortune Securities.
Key transaction terms • Placing: Up to 218.75 million existing shares—equal to 2.12 % of the current share capital—will be placed at HK$1.60 per share. • Top-up subscription: The Seller will subscribe for an identical 218.75 million new shares at the same HK$1.60 price under the company’s general mandate. • Pricing: The placement price represents a 12.09 % discount to the 3 August closing price of HK$1.82 and matches the five-day average of HK$1.60. • Timetable: Completion of the placing is expected two business days after trade reporting; the top-up must settle within 14 days of signing, subject to Hong Kong Stock Exchange listing approval for the new shares.
Capital raised and allocation Gross proceeds will total approximately HK$350.00 million, with estimated net proceeds of HK$346.00 million (net issue price: HK$1.58). Planned deployment is as follows: 1. Small-scale computing centre (quantum-AI drug discovery platform): HK$70.00 million (20.2 %). 2. Quantum computing applications in drug and materials discovery: HK$100.00 million (28.9 %). 3. Seed investment in a quantum industry fund: HK$120.00 million (34.7 %). 4. Establishment of a quantum finance academy and security laboratory: HK$30.00 million (8.7 %). 5. General working capital: HK$26.00 million (7.5 %).
Shareholding impact • Before transaction: Seller holds 26.02 % of 10.30 billion shares outstanding. • After placing (but before top-up): Seller’s stake would fall to 23.90 %. • After completion of both legs: The issued share count rises to 10.52 billion and the Seller’s holding is restored to 25.48 %. Public float remains above 25 %.
Additional terms • The Seller is subject to a 30-day lock-up (excluding the placement shares). • The company is restricted from issuing additional shares for 30 days, except for pre-existing commitments. • No shareholder approval is required as the new shares fall within the existing general mandate. • Placing agents must place the shares with at least six independent investors. • The agreement contains customary termination clauses linked to market conditions and breach of representations.
GoFintech Quantum cautions that the placing and top-up subscription remain conditional on the satisfaction of precedent conditions and may not complete. Shareholders and potential investors are advised to exercise caution when dealing in the company’s securities.
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