JNBY (03306.HK): Proposes Placing Approximately 14.535 Million New Shares at a Discount, Raising Approximately HK$270 Million in Net Proceeds
JNBY Design Limited (03306.HK) announced that the Company has entered into a placing agreement with the placing agent, proposing to place a maximum of 14.535 million new shares at a price of HK$18.78 per share (representing a discount of approximately 9.01% to the previous day's closing price), with an expected net proceeds of approximately HK$270 million. The placing shares will be issued pursuant to the general mandate, without the need for additional shareholder approval.
NewTimeSpace News: JNBY Design Limited (03306.HK) released an announcement stating that the Company entered into a placing agreement with the placing agent before the trading session on January 23, 2026.
Pursuant to the agreement, the Company will use its best efforts to procure no fewer than six independent placees to subscribe for an aggregate of 14,535,000 new shares (the Placing Shares) at a price of HK$18.78 per share. The Placing Shares represent approximately 2.80% of the Company’s existing issued share capital and about 2.73% of its enlarged share capital.
The placing price represents a discount of approximately 9.01% to the closing price of the Shares of HK$20.64 per share on the Stock Exchange of Hong Kong Limited (SEHK) on January 22, 2026 (the business day immediately preceding the date of the agreement), and also a discount of approximately 6.50% to the average closing price for the five preceding trading days.
Assuming the full placement of the Placing Shares, the gross proceeds from the placing are expected to be approximately HK$272.97 million, and the net proceeds after deducting related costs and expenses will be approximately HK$269.99 million. The Company plans to use the net proceeds for the development of brand business, R&D investment and further enhancing market competitiveness, among other purposes.
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