KARRIE INT'L Successfully Places 65.832 Million Shares

Stock News02-11

KARRIE INT'L (01050) has announced the completion of the placement matter. The transaction was finalized on February 2, 2026, in accordance with the terms of the placement and subscription agreement. The placement agent successfully placed a total of 65.832 million shares at HK$2.37 per share to no fewer than six placees. To the best of the directors' knowledge, information, and belief, following reasonable inquiries, the placees and their ultimate beneficial owners are all independent third parties. None of the placees became a major shareholder of the company upon completion of the placement. As all conditions for the subscription have been satisfied, the company allotted and issued 65.832 million subscription shares to the vendor at HK$2.37 per share on February 11, 2026, under the agreement. The net proceeds from the subscription, after accounting for expenses related to both the placement and subscription, amount to approximately HK$152 million.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment