OKURA HOLDINGS (01655) announced that all conditions under the placement agreement have been fulfilled, and the placement was completed on December 12, 2025. A total of 35.02 million placement shares, representing approximately 5.51% of the company's enlarged issued share capital, were successfully allocated to no fewer than six placees at an adjusted price of HK$0.196 per share.
After deducting commissions payable to the placement agent and other related expenses, the net proceeds from the placement amounted to approximately HK$6.1 million. The company intends to allocate HK$3.05 million (50%) and HK$1.83 million (30%) of the net proceeds for (a) the purchase of pachinko and slot machines, and (b) the renovation or upgrade of its existing pachinko parlors and marketing expenses, respectively. The remaining HK$1.22 million (20%) will be used for general working capital purposes.