Smart Fish (00139) announced on September 26, 2025, that the company plans to place up to approximately 205 million placement shares to no fewer than six placees through a placing agent. The placement price is set at HK$0.25 per placement share, representing a discount of approximately 11% compared to the closing price of HK$0.280 per share on the Stock Exchange on September 26, 2025.

Assuming all placement shares are fully placed, the company expects to raise net proceeds of approximately HK$50 million, which will be used to repay the group's debts and serve as general working capital for the group.