Grand Power Logistics Group Raises HK$21.7 Million Through Share Placement

Reuters02-10

Grand Power Logistics Group Raises HK$21.7 Million Through Share Placement

Grand Power Logistics Group Ltd. has announced a placing of new shares under a general mandate. The company plans to issue up to 60,000,000 placing shares, with an adjusted maximum gross proceeds estimated at approximately HK$22.4 million. After deducting placing commission, professional fees, and related expenses, the net proceeds are expected to be around HK$21.7 million. The company intends to use the net proceeds for general working capital, including staff costs, professional fees, rental payments, and other administrative and business operating expenses. Completion of the placing is subject to the fulfillment of conditions precedent under the Placing Agreement, and may or may not proceed. Shareholders and potential investors are advised to exercise caution when dealing in the shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Grand Power Logistics Group Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260210-12021214), on February 10, 2026, and is solely responsible for the information contained therein.

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The company intends to use the net proceeds for general working capital, including staff costs, professional fees, rental payments, and other administrative and business operating expenses. Completion of the placing is subject to the fulfillment of conditions precedent under the Placing Agreement, and may or may not proceed. Shareholders and potential investors are advised to exercise caution when dealing in the shares.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Grand Power Logistics Group Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. 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