FDB Holdings Limited announced the completion of its placing of 266,400,000 new shares under a general mandate. These newly allotted shares account for approximately 16.67% of the enlarged share capital and were issued at HK$0.153 each, raising gross proceeds of around HK$40.8 million. The company stated that net proceeds stand at about HK$39.9 million, translating to a net price of approximately HK$0.150 per share.

According to official information, the company intends to deploy around 30% of the proceeds to expand and upgrade its headquarters, 25% for salaries to support business expansion and operations, 20% to address existing shareholders’ deficit, 15% for professional fees, and the remaining 10% to cover other operating expenses.

Following the placement, the company’s total issued share capital increased from 1,332,000,000 shares to 1,598,400,000 shares. Masterveyor Holdings Limited, Wodafeng Ltd, and Gentle Soar Limited remain significant shareholders, with the newly placed shares subscribed by not fewer than six independent parties. The placing facilitated an increase in public float from around 22.17% to approximately 35.14%, meeting the required minimum threshold under relevant listing regulations.