GBA HOLDINGS (00261.HK): Completes Placing of 46.56 Million New Shares, Raising Approximately HKD 8.66 Million Net

NewTimeSpace News: On 26 August 2026, GBA Holdings Limited (stock code: 00261) announced that the placing of new shares under the general mandate was completed on 26 August 2026, with the placing agent placing an aggregate of 46,560,000 placing shares at a placing price of HKD 0.20 per share to no fewer than six placees, representing approximately 14.05% of the enlarged issued share capital immediately after completion.

According to the announcement, the net proceeds from the placing are estimated at approximately HKD 8.66 million, equivalent to a net issue price of approximately HKD 0.186 per share. Approximately 30% will be used to expand the Group's financial business, approximately 50% to expand its corporate advisory services business (including hiring additional staff and consultants, investing in a valuation model and approximately HKD 500,000 for acquiring a target business), and the remaining approximately 20% as general working capital. 

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.