GAODI HOLDINGS (01676) Proposes Share Placement at 14.75% Discount to Raise Up to HK$22.39 Million

Stock News12-09

GAODI HOLDINGS (01676) announced on December 9, 2025, its plan to place up to 43.849 million shares, representing approximately 16.67% of the company's enlarged issued share capital upon full issuance. The placement price is set at HK$0.52 per share, reflecting a discount of about 14.75% to the closing price of HK$0.61 per share on December 9.

Assuming full subscription, the net proceeds from the placement are estimated to be approximately HK$22.39 million. The board intends to allocate the net proceeds as follows: around 50% will be used for the group's existing food business, 30% for its current catering operations, and the remaining 20% for general working capital purposes.

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