Alco Holdings Limited has completed its four-for-one rights issue, allotting 229.11 million new shares at HK$0.55 each. Initial take-up reached 103.04 million shares, or 44.97% of the offer. The remaining 126.08 million unsubscribed shares were successfully placed on a best-effort basis, bringing overall subscription to 100%.
Net proceeds after expenses total approximately HK$121.80 million. Planned deployment is as follows: • 41% (HK$50.00 million) to repay borrowing and related finance costs owed to Proyan Consultancy Limited, targeted for completion by September 2026. • 18% (HK$22.00 million) to settle overdue payables to OEM suppliers, subcontractors, licensors and service providers, also expected by September 2026. • 26% (HK$31.50 million) to expand Asia-Pacific market presence and upgrade product design capabilities, including new physical stores, service centres and 3D printing equipment, with utilisation slated by October 2026. • 15% (HK$18.30 million) for general working capital, earmarked mainly for staff costs, commissions, logistics and contingency, to be fully deployed by December 2026.
The rights issue became unconditional on 6 July 2026. Share certificates for fully paid rights shares are scheduled for dispatch by 13 July 2026, and trading is expected to begin on 14 July 2026.
Share capital expanded from 57.28 million to 286.39 million shares. Post-issue, public shareholders hold 55.98%, while placees account for the remaining 44.02%. No placee has become a substantial shareholder following completion of the placing.
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