CHINA HUAJUN GP (ASX: 00377) has announced a share placement agreement. On July 2, 2026, the company, acting as the issuer, entered into subscription agreements with certain investors. Under these agreements, the investors have agreed to subscribe for, and the company has agreed to allot and issue, a total of 12 million subscription shares.

The subscription price is set at HK$1.09 per share. This represents a discount of approximately 2.68% compared to the closing price of HK$1.12 per share on the stock exchange as of the date the subscription agreements were signed.

The newly issued subscription shares will account for about 12.84% of the company's total issued share capital following the completion of the allotment and issuance.

After deducting direct expenses of around HK$100,000, the net proceeds from the subscription are estimated to be approximately HK$13 million.

The company intends to use the net proceeds for the repayment of debt and to provide general working capital for the group's operations.