JTF INTL (09689.HK) plans to issue up to 186 million shares by placement, with estimated net proceeds of HKD 125.6 million

JTF INTL (09689.HK) announced on Jul 16, 2026 that the company has entered into a placement agreement with the placement agent on Jul 16, 2026. According to the agreement, the placing agent conditionally agreed to use its best endeavors to procure placees to subscribe for up to 186 million shares placement, which represent approximately 20% of the company's existing issued share capital as of the date of this announcement, and approximately 16.67% after the subscription.
The placement price per share is HKD 0.69. The total proceeds from the placement are estimated to be about HKD 128.3 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 125.6 million.

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