APOLLO FMG (00860.HK): completes placing of 75 mln shares
APOLLO FMG (00860.HK) placed 75 million shares at HKD 0.59 each to three placees, raising net proceeds of about HKD 42.7 million, mostly for debt repayment.
Key Highlights:
- The placing price was HKD 0.59 per share for 75,000,000 shares, about 7.34% of pre-placing capital and 6.83% of the enlarged base.
- Net proceeds fell to about HKD 42.7 million on the partial placing, with about 90% for debt repayment, to be used by 31 March 2027.
NewTimeSpace News: On 4 November 2026, Apollo Future Mobility Group Limited (stock code: 00860) said all conditions of the placing agreement dated 8 October 2026, as supplemented on 11 October 2026, have been fulfilled and the placing completed on 4 November 2026. The placing agent placed 75,000,000 shares to three placees at HKD 0.59 each, equal to about 7.34% of the issued share capital before the placing and 6.83% of the enlarged capital.
As the shares were not fully placed, gross and net proceeds fell to about HKD 44.3 million and HKD 42.7 million, with about 90% (HKD 38.4 million) for debt repayment and 10% (HKD 4.3 million) for working capital, to be used by 31 March 2027.
