SY HOLDINGS plans to issue shares at a discount of approximately 5.08%, aiming to raise a net amount of about HKD 593 million
SY HOLDINGS announced plans to place up to 56.286 million shares at a price of HKD 10.66 per share, representing a discount of approximately 5.08%. This placement is expected to raise about HKD 600 million, with a net amount of approximately HKD 593 million. The funds will be used for the research and development of innovative technologies such as AI Agent, international expansion, strategic investments, and other general working capital
According to the Zhitong Finance APP, SY HOLDINGS (06069) announced that on September 3, 2025 (before trading hours), the company entered into a placement agreement with the placement agent, under which the company has appointed the placement agent to use its best efforts to procure no less than 6 placees to subscribe for a maximum of 56.286 million placement shares at a price of HKD 10.66 per share. The placement price represents a discount of approximately 5.08% to the closing price of HKD 11.23 per share reported by the Stock Exchange on September 2, 2025 (the last trading date).
Assuming the maximum number of placement shares is placed according to the placement agreement, the total amount raised from the placement will be approximately HKD 600 million, with a net amount of approximately HKD 593 million, intended for the research and development of innovative technologies such as AI Agent, international expansion, strategic investments, and other general working capital purposes
