ALPHA PRO HLDGS (00948) Completes Placing of 28 Million Shares via Top-Up Placement, Raises HK$6.29 Million Net

Stock News

2025/11/25

ALPHA PRO HLDGS (00948) announced the successful completion of its share placement on November 14, 2025. The placing agent allocated a total of 28 million shares at HK$0.24 per share to no fewer than six placees.

All conditions under the placing and top-up subscription agreement have been fulfilled, with completion confirmed on November 25, 2025. The seller, a wholly-owned subsidiary of Miracle Planet Developments Limited, subscribed for 28 million new shares at HK$0.24 each.

After deducting expenses, the net proceeds from the top-up placement amounted to approximately HK$6.29 million. The company intends to use the funds to support the expansion of its dairy product business.

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The placing agent allocated a total of 28 million shares at HK$0.24 per share to no fewer than six placees.</p>\n<p>All conditions under the placing and top-up subscription agreement have been fulfilled, with completion confirmed on November 25, 2025. The seller, a wholly-owned subsidiary of Miracle Planet Developments Limited, subscribed for 28 million new shares at HK$0.24 each.</p>\n<p>After deducting expenses, the net proceeds from the top-up placement amounted to approximately HK$6.29 million. 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