Okura Holdings Limited (Stock Code: 01655) has entered into a placing agreement with uSmart Securities Limited on 7 November 2025 to place up to 120,000,000 new shares at HK$0.18 each, representing a 14.65% premium over the 7 November 2025 closing price of HK$0.157. The maximum number of placing shares accounts for 20% of the existing issued share capital, or approximately 16.7% on an enlarged basis.

Under the agreement, the gross proceeds could reach HK$21.6 million, with estimated net proceeds of about HK$19.0 million. According to the announcement, Okura Holdings plans to allocate 50% of the net proceeds toward purchasing pachinko and pachislot machines, 30% for renovating or enhancing existing pachinko halls and marketing efforts, and the remaining 20% for general working capital.

The placing shares will be issued under a general mandate passed on 22 November 2024. Completion is subject to the satisfaction of certain conditions, including approval from the Listing Committee of The Stock Exchange of Hong Kong Limited. The company advises shareholders and potential investors to exercise caution when trading its securities.