LEADER EDU (01449) announced on July 24, 2026, its plan to place up to 133 million shares. This number represents approximately 20.00% of the company's existing issued share capital as of the announcement date, and approximately 16.67% of the enlarged issued share capital after the issuance.
The placement price is set at HKD 0.265 per share, representing a discount of approximately 19.70% to the closing price of HKD 0.330 per share on July 24. Assuming full placement of all shares, the total gross proceeds and net proceeds are estimated to be approximately HKD 35.33 million and HKD 34.58 million, respectively.
The company intends to use the net proceeds from the placement as follows: approximately HKD 25.94 million will be allocated to the group's business development in digital and smart education and teaching; the remaining approximately HKD 8.64 million will be used for the group's general working capital.