GBA AI COMP (01396.HK) plans to issue in total 23.62 million shares by subscription, with estimated net proceeds of HKD 277.14 million

NewTimeSpace (newtimespace.com) News, GBA AI COMP (01396.HK) announced on Jun 29, 2026 that the company has entered into a subscription agreement with the subscriber on Jun 29, 2026. According to the agreement, the subscriber conditionally agreed to subscribe for in total 23.62 million shares subscription, which represent approximately 1.51% of the company's existing issued share capital as of the date of this announcement, and approximately 1.49% after the subscription.
The subscription price per share is HKD 11.75, at a discount of approximately 18.4% to the closing price of HKD 14.4 per share on the HKEX on the date of the subscription agreement. The total proceeds from the subscription are estimated to be about HKD 277.54 million. After deducting the subscription commission, professional fees, and all related expenses that the company may incur, the net proceeds from the subscription are estimated to be approximately HKD 277.14 million.

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