On January 28, 2026, B.DUCK SEMK (02250) announced a proposal to place 67.568 million shares, representing approximately 6.44% of the total issued share capital as enlarged immediately following the placement.

The placement price is set at HK$0.74 per share, representing a discount of approximately 9.76% to the closing price of HK$0.82 per share on January 28.

The gross proceeds from the placement are expected to be approximately HK$50 million, with net proceeds estimated to be around HK$49.5 million.

The company intends to allocate the net proceeds as follows: approximately 50% for the development of IP-related product manufacturing; about 30% for the expansion of urban entertainment projects; and roughly 20% for general working capital purposes.