China Next-Gen Commerce and Supply Chain Limited (3928) Completes Placing of New Shares

Bulletin Express02-25

China Next-Gen Commerce and Supply Chain Limited (3928) concluded the placing of 16.00 million new shares under its general mandate on 25 February 2026. The newly issued shares represent approximately 3.23% of the company’s enlarged share capital, bringing the total issued shares to 496.00 million from 480.00 million.

The placing price was HK$8.88 per share, generating net proceeds of around HK$140.75 million. The net price per subscription share stood at HK$8.80. According to the updated shareholding structure, the stake indirectly held by Ms. Wang decreased from 75.00% to 72.58%. The newly subscribed shares collectively account for 3.23%, while other public shareholders hold 24.19%. The company notes that none of the placees has become a substantial shareholder as a result of the placing.

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