Breton Shares Rise Over 5% in Morning Trading, Plans New H-Share Placement of Up to 18.32 Million Shares to Raise Net Proceeds of HK$199 Million

Deep News10-14

Breton (01333) shares climbed more than 5% in morning trading. As of press time, the stock is up 5.50% at HK$13.61, with turnover of HK$19.22 million.

Breton announced that on October 13, 2026, the company entered into a placing agreement with a placing agent. The placing agent has agreed to act as the company's agent to use its best efforts to procure no fewer than six placees to subscribe for up to 18,316,200 new H shares at a placing price of HK$12.06 per H share, on the terms and subject to the conditions set out in the placing agreement.

Assuming all placing shares are fully placed, the gross proceeds and net proceeds from the placing (after deducting commissions and estimated expenses) are expected to be approximately HK$220.9 million and approximately HK$199 million, respectively.

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