RIVERINE CHINA (01417.HK): 33mn-Share Placing Completed, Net Proceeds About HK$130.08mn

NewTimeSpace News: On 21 October 2026, Riverine China Holdings Limited (the "Company") announced that, with reference to its announcement dated 30 September 2026 in relation to the placing, the board was pleased to announce that all the conditions precedent to the placing have been fulfilled and the placing was completed on 21 October 2026. The placing agent has successfully placed a total of 33,000,000 placing shares at the placing price of HK$4.00 per placing share to not fewer than six placees.

The announcement disclosed that, to the best of the directors' knowledge, information and belief after making all reasonable enquiries, each of the placees and their respective ultimate beneficial owners is an independent third party; and no placee has become a substantial shareholder (as defined in the Listing Rules) immediately after completion of the placing. The net proceeds from the placing (after deducting the placing commission and other related expenses in respect of the placing, including professional fees) amounted to approximately HK$130.08 million and will be applied for the purposes disclosed in that announcement.

The Company stated that the total number of issued shares increased from 405,000,000 shares before the placing to 438,000,000 shares after the placing. Immediately before completion, Yomi.sun Holding Limited held 192,890,000 shares, representing approximately 47.63% of the total number of issued shares, and immediately after completion its shareholding remained unchanged while its percentage was diluted to approximately 44.04%; Lucky Yang Limited held 77,280,000 shares, with its percentage falling from approximately 19.08% to approximately 17.64%; the trustee held 8,218,000 shares, with its percentage falling from approximately 2.03% to approximately 1.88%; the placees held 33,000,000 shares, representing approximately 7.53%; and other existing public shareholders held 126,612,000 shares, with their percentage falling from approximately 31.26% to approximately 28.91%. The announcement also noted that Yomi.sun Holding Limited is an investment holding company wholly owned by Youmi Investment Limited, which is beneficially owned by Youmi Trust, a trust established by Mr. Sun Taoyong (the "Mr. Sun") as settlor and appointer, with Mr. Sun being the sole director and ultimate beneficial owner of Yomi.sun Holding Limited; and Lucky Yang Limited is wholly and beneficially owned by Mr. Yang Xingyun.