SFQ GLOBAL (01953.HK): completes placement of 215 million new shares, raising net HK$208.3 million

NewTimeSpace News: According to the HKEX on October 29, SFQ Global Limited ("SFQ Global", 01953.HK) announced that all conditions of the placement agreement have been fulfilled and completion took place on October 29, 2026. The placing agent placed 215 million new shares to not fewer than six placees at HK$0.973 per share, representing about 14.58% of the enlarged issued share capital.

According to the announcement, the placees are all independent third parties and none became a substantial shareholder upon completion. Net proceeds amount to about HK$208.3 million, of which about 93.6% (HK$195 million) will fund working capital for new energy power station construction projects, about 2.4% (HK$5 million) will support business expansion in Southeast Asia and Africa, and the remaining 4.0% (HK$8.3 million) for general working capital.

SFQ Global was formerly known as Rimbaco Group Global Limited. After completion, the controlling shareholder Aureole Halo Limited's stake was diluted from about 75.00% to 64.07%, with placees holding about 14.58%. The proceeds are expected to be fully utilized by the end of June 2027.