JTF INTL (09689.HK) controlling shareholder Xingming to place up to 120m shares at HK$0.6231 each

NewTimeSpace News: JTF International Holdings Limited (JTF INTL, 09689.HK) announced that controlling shareholder Xing Ming Limited entered into a placing agreement with a placing agent on 30 October 2026 (after trading hours), under which the agent will procure placees to purchase up to 120,000,000 existing shares at HK$0.6231 each on a best-efforts basis, with completion no later than 30 December 2026.

Xing Ming is 80% owned by executive director, chairman and controlling shareholder Xu Ziming, and 20% by executive director Huang Sizhen, spouse of Mr. Xu. As of the announcement date, Xing Ming held 480,150,000 shares, about 43.02% of the total issued share capital, while the placing shares represent about 10.75%.

Upon completion (assuming all placing shares are placed), Xu Ziming, Huang Sizhen and Xing Ming will remain controlling shareholders, and the company expects the placing will have no adverse impact on its operations.