ISP Holdings Limited (Stock Code: 02340) announced the completion of its share placing under general mandate. A total of 127,448,000 new shares were placed at HK$0.137 per share, generating net proceeds of approximately HK$16.87 million after deducting related costs. The average net placing price per share stands at approximately HK$0.1324.

According to the announcement, around HK$5.0 million (about 29.64% of the total proceeds) will be used for professional fees, while approximately HK$11.87 million (about 70.36%) will serve as general working capital. Following the placement, the total issued share capital of ISP Holdings Limited increased from 637,275,000 shares to 764,723,000 shares.

The company explained that the placees and their ultimate beneficial owners are independent third parties. No new substantial shareholder has emerged, and the shareholdings of its existing shareholders have been adjusted in proportion to the enlarged share capital.