JOLIMARK (02028.HK) plans to issue up to 122.58 million shares by placement, with estimated net proceeds of HKD 86.4 million

NewTimeSpace (newtimespace.com) News, JOLIMARK (02028.HK) announced on Jun 29, 2026 that the company has entered into a placement agreement with the placement agent on Jun 29, 2026. According to the agreement, the placing agent conditionally agreed to use its best endeavors to procure placees to subscribe for up to 122.58 million shares placement, which represent approximately 16.66% of the company's existing issued share capital as of the date of this announcement, and approximately 14.28% after the subscription.
The placement price per share is HKD 0.72, at a discount of approximately 19.1% to the closing price of HKD 0.89 per share on the HKEX on the date of the placement agreement. The total proceeds from the placement are estimated to be about HKD 88.3 million. After deducting the placement commission, professional fees, and all related expenses that the company may incur, the net proceeds from the placement are estimated to be approximately HKD 86.4 million.

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