ENVISION GREEN (01783.HK): Placing of 117,924,000 shares at HKD 4.66 per share and issue of RMB 472.0 million convertible bonds, raising net proceeds of approximately HKD 1,077.68 million to fund acquisition of cloud computing and data centre services pro

NewTimeSpace News: On 11 August 2026, Envision Greenwise Holdings Limited (stock code: 01783) published an announcement, announcing that the Company entered into a placing and top-up subscription agreement and a convertible bonds subscription agreement after trading hours on 10 August 2026, with the aggregate gross proceeds and net proceeds of the transactions contemplated thereunder expected to be approximately HKD 1,098.43 million and HKD 1,077.68 million respectively. The placing and the convertible bonds subscription are intended to fund the Group's previously announced acquisition of a cloud computing and data centre services provider in China (as disclosed in the Company's announcements dated 29 June, 21 July and 31 July 2026) and to provide additional working capital for its business operations and development.

In respect of the placing and top-up subscription, the Company, the top-up seller (Jinye International Investment Limited) and the placing agent entered into the placing and top-up subscription agreement, pursuant to which the placing agent agreed, on a best-efforts basis and as agent of the top-up seller, to procure placees to purchase 117,924,000 placing shares held by the top-up seller at the placing price of HKD 4.66 per share, and the top-up seller conditionally agreed to subscribe for, and the Company conditionally agreed to issue, 117,924,000 new shares under the top-up subscription at the top-up placing price (same as the placing price). The placing price of HKD 4.66 per share represents a discount of approximately 10.56% to the closing price of HKD 5.210 per share on the last trading day (10 August 2026); the 117,924,000 new shares represent approximately 4.08% of the Company's issued shares as of the date of this announcement (2,889,342,280 shares) and approximately 3.92% of the enlarged issued share capital. Immediately following completion of the placing and the top-up subscription, the top-up seller's shareholding will be reduced from approximately 37.96% of the issued share capital to approximately 36.47% of the enlarged issued share capital. The total gross proceeds of the placing are expected to be approximately HKD 549.53 million, with net proceeds of approximately HKD 538.17 million and a net issue price of approximately HKD 4.56 per placing share.

In respect of the convertible bonds, the issuer, the Company and the arranger entered into the convertible bonds subscription agreement, pursuant to which the issuer agreed to issue, the Company agreed to guarantee, and the arranger agreed to subscribe for and pay for, convertible bonds with an aggregate principal amount of RMB 472.00 million. The convertible bonds are settled in US dollars, bear interest at 5.00% per annum and mature in 2027, with an initial conversion price of HKD 5.22 per share (subject to adjustment), representing a premium of approximately 0.19% to the closing price of HKD 5.210 per share on the last trading day; assuming full conversion, the convertible bonds are convertible into approximately 105,153,455 new shares, representing approximately 3.64% of the Company's issued shares as of the date of this announcement and approximately 3.51% of the enlarged issued share capital. The total gross proceeds of the convertible bonds subscription are expected to be approximately USD 69.96 million (equivalent to approximately HKD 548.90 million), with net proceeds of approximately USD 68.77 million (equivalent to approximately HKD 539.52 million) and a net issue price of approximately HKD 5.13 per conversion share.

The announcement stated that the placing of the placing shares and the issue of the top-up subscription shares and the conversion shares do not require shareholders' approval, with the top-up subscription shares and the conversion shares to be allotted and issued under the general mandate and ranking pari passu with the then outstanding shares; the Company will apply to the Listing Committee of the Stock Exchange for approval of the listing of and permission to deal in the top-up subscription shares and the conversion shares, and apply to the Vienna Multilateral Trading Facility operated by the Vienna Stock Exchange for approval of the listing of the convertible bonds, while complying with the CSRC filing rules and completing the necessary CSRC filing procedures. Completion of the placing and the convertible bonds subscription are not conditional upon each other, and each is subject to the satisfaction and/or waiver of certain conditions precedent and may or may not proceed as planned or may be terminated in certain circumstances; shareholders and potential investors of the Company should exercise caution when dealing in the securities of the Company.

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