Lopal Tech Raises HK$193.67 Million via Placement of 15 Million New H Shares, Expands Total Share Capital by 1.90%

Bulletin Express06-22

Jiangsu Lopal Tech. Group Co., Ltd. (Lopal Tech) has completed its previously announced H-share placement, raising approximately HK$193.67 million in net proceeds.

Key transaction details • Completion date: 22 June 2026, following satisfaction of all conditions under the Placing Agreement. • Shares issued: 15.00 million new H shares, representing 11.11% of Lopal Tech’s enlarged H-share capital and 1.90% of its total share capital. • Placing price: HK$13.09 per share, implying gross proceeds of about HK$196.35 million. • Net proceeds: Approximately HK$193.67 million after fees and expenses. • Investor base: Placed to not fewer than six independent third-party investors; none became a substantial shareholder.

Revised capital structure • Total issued shares increased to 791.11 million from 776.11 million. – A shares unchanged at 656.11 million. – H shares rose to 135.00 million from 120.00 million.

Shareholding impact • Combined stake of Chairman Shi Junfeng, Ms. Zhu Xianglan and Nanjing Bailey Venture Capital Center diluted from 30.69% to 30.11%. • Public H-shareholding now comprises 17.07% of total issued shares, inclusive of the new placees’ 1.90% stake.

Regulatory update Lopal Tech will complete the requisite China Securities Regulatory Commission filings in line with applicable regulations.

Board composition remains unchanged following the placement, with Mr. Shi Junfeng serving as Chairman.

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Group Co., Ltd. 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Group Co., Ltd. (Lopal Tech) has completed its previously announced H-share placement, raising approximately HK$193.67 million in net proceeds. Key transaction details   •...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"02465":"龙蟠科技"},"translate_title":"Lopal Tech通过配售1500万股新H股筹集1.9367亿港元，总股本增加1.90%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02465":1},"content_text":"Jiangsu Lopal Tech. Group Co., Ltd. (Lopal Tech) has completed its previously announced H-share placement, raising approximately HK$193.67 million in net proceeds.\nKey transaction details  \n• Completion date: 22 June 2026, following satisfaction of all conditions under the Placing Agreement.  \n• Shares issued: 15.00 million new H shares, representing 11.11% of Lopal Tech’s enlarged H-share capital and 1.90% of its total share capital.  \n• Placing price: HK$13.09 per share, implying gross proceeds of about HK$196.35 million.  \n• Net proceeds: Approximately HK$193.67 million after fees and expenses.  \n• Investor base: Placed to not fewer than six independent third-party investors; none became a substantial shareholder.\nRevised capital structure  \n• Total issued shares increased to 791.11 million from 776.11 million.  \n   – A shares unchanged at 656.11 million.  \n   – H shares rose to 135.00 million from 120.00 million.\nShareholding impact  \n• Combined stake of Chairman Shi Junfeng, Ms. Zhu Xianglan and Nanjing Bailey Venture Capital Center diluted from 30.69% to 30.11%.  \n• Public H-shareholding now comprises 17.07% of total issued shares, inclusive of the new placees’ 1.90% stake.\nRegulatory update  \nLopal Tech will complete the requisite China Securities Regulatory Commission filings in line with applicable regulations.\nBoard composition remains unchanged following the placement, with Mr. Shi Junfeng serving as Chairman.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding,SGX","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.1","shortVersion":"4.44.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1171089225","isCrawlerRequest":true}