KAFELAKU COFFEE (01869.HK): Proposed Placing of Up to 282,050,000 New Shares at HKD 0.039 Per Share, Raising Approximately HKD 10.77 Million Net
NewTimeSpace News: On 12 August 2026 (after trading hours), Kafelaku Coffee Holding Limited (stock code: 01869) announced that the Company entered into a placing agreement with the placing agent, pursuant to which the Company conditionally agreed to place, through the placing agent on a best-effort basis, up to 282,050,000 placing shares at a placing price of HKD 0.039 per placing share to no fewer than six placees.
According to the announcement, assuming no change in the Company's issued share capital from the date of the announcement to the completion date of the placing, the placing shares represent approximately 16.7% of the Company's issued share capital as of the date of the announcement and approximately 14.3% of the enlarged issued share capital. The placing price of HKD 0.039 per share represents a discount of approximately 17.02% to the closing price of HKD 0.047 per share on the date of the placing agreement and approximately 18.07% to the average closing price of HKD 0.048 per share for the five consecutive trading days immediately preceding the date of the agreement. Assuming all placing shares are successfully placed, the estimated gross proceeds and net proceeds (after deducting placing commission and other related expenses and professional fees) of the placing are expected to be approximately HKD 11.0 million and HKD 10.77 million respectively, with a net placing price of approximately HKD 0.038 per share.
The estimated expenses of the placing are approximately HKD 0.23 million, including placing commission and other fees, costs, charges and expenses. The placing agent is Metaverse (International) Securities Limited, an SFC-licensed corporation authorised to carry out Type 1 (dealing in securities) regulated activity under the Securities and Futures Ordinance. The Company intends to apply the net proceeds of the placing to the Group's business operations and general working capital, including staff costs, office rental and general administrative and operating expenses. The placing shares will be allotted and issued under the general mandate, and no shareholders' approval is required for the placing. As the completion of the placing is subject to the satisfaction of the placing conditions, the placing may not proceed.
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