Folangsi places 14,500,000 new H shares at HK$ 6.02 each
PUBT·04/17/2026 11:04:39
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- Folangsi entered subscription agreement on April 17, 2026 for 14,500,000 new H shares under general mandate at HK$ 6.02 per share.
- Placement implies gross proceeds of about HK$ 87.3 million.
- Net proceeds of about HK$ 86.8 million earmarked for daily operations, technology and digital initiatives, offline service network expansion.
- New shares equal about 4.2% of issued share capital pre-deal, about 4% post-deal.
- Subscriber agreed to 12-month lock-up from completion.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Folangsi Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260417-12110623), on April 17, 2026, and is solely responsible for the information contained therein.
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