SUNDART HLDGS Completes Placement Under General Mandate, Restores Public Float

Stock News05-21

SUNDART HLDGS (01568) announced that all conditions under the placement agreement, as amended by a supplemental agreement, have been fulfilled, with completion taking place on May 21, 2026. The placing agent has successfully placed a total of 22 million new shares to no fewer than six placees at the placing price of HK$0.66 per share, in accordance with the terms of the placement agreement. These shares represent approximately 1.01% of the enlarged issued share capital following the allotment and issue. Following the completion, the public float of the company's shares has increased from approximately 24.26% to about 25.02%, thereby restoring it to the minimum public float requirement of not less than that stipulated under Rule 13.32B(1) of the Listing Rules.

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