Junwea Group (China) Company Limited issued a clarification on 16 June 2026, amending key terms of the share placement announced one day earlier and confirming the resumption of trading at 1:00 p.m. the same day after a brief halt.
The corrected Placing Agreement, signed on 15 June 2026, now sets the placing price at HK$0.441 per share, representing: • an 11.80% discount to the HK$0.50 closing price on 15 June 2026; and • an 18.93% discount to the five-day average closing price of HK$0.544.
Up to 74.88 million new shares will be issued on a best-effort basis through the placing agent, potentially generating gross proceeds of about HK$33.00 million. After deducting commissions and related expenses, net proceeds are expected to reach approximately HK$32.50 million, translating into a net issue price of HK$0.434 per share.
Use of funds is earmarked as follows: • HK$22.75 million (70%) for two potential wet-trade construction projects aligned with the group’s existing operations. • HK$9.75 million (30%) for general working-capital needs.
The Long Stop Date for completing conditions precedent has been revised to 3 July 2026.
In the preceding twelve months, the company completed one equity fund-raising exercise (10 November 2025), raising HK$43.90 million via the subscription of 112.32 million shares at HK$0.3965 each. Of those proceeds, HK$30.73 million has been channelled into construction services projects, HK$2.83 million into working capital, while HK$4.39 million allocated to beauty & healthcare R&D remains unutilised.
Trading in Junwea Group shares was suspended at 9:00 a.m. on 16 June 2026 and resumed at 1:00 p.m. following the publication of this clarification.
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