NewTimeSpace News:  EMINENCE EN(00616.HK) released an announcement on January 26, 2026, stating that the placement disclosed earlier on January 16 has been formally completed, with all conditions set out in the placement agreement having been satisfied.

According to the announcement, pursuant to general mandate, EMINENCE EN placed and issued 115,880,000 new shares to six independent third-party placees at a price of HK$0.32 per share. The total gross proceeds from the placement amount to HK$37.0816 million, and the net proceeds after deducting placement commissions and other related costs and expenses are approximately HK$36.7108 million. Eminence Enterprise clarified that the net proceeds are intended to repay bank loans in accordance with the revised refinancing terms of the Group’s existing bank loans.

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