SHANYU GROUP (08245) announced that on August 14, 2025, the company intends to place up to 41.36 million new shares, representing approximately 16.67% of the company's entire issued share capital as enlarged by the placement.
The placement price is set at HK$0.120 per placement share, representing a discount of approximately 11.11% to the closing price of HK$0.135 per share on August 14. The net proceeds from the placement will be approximately HK$4.91 million (assuming full placement of the placement shares and after deducting all related expenses), which will be used as working capital for the group's business operations.