Kafelaku Coffee Extends Long Stop Date, Lifts Share Placing Price to HK$0.047

Bulletin Express
09/23

Kafelaku Coffee Holding Limited has announced a second extension of the long stop date and a further upward revision of the placing price for its proposed issuance of new shares under the existing general mandate.

The long stop date—previously pushed back to 23 September 2026—has been extended again to 14 October 2026, allowing additional time to satisfy the conditions precedent stipulated in the Placing Agreement.

Concurrently, the company and its placing agent have raised the placing price from HK$0.041 to HK$0.047 per share. The new price represents: • a 14.60% discount to the HK$0.055 closing price on the announcement date (23 September 2026); and • a 19.24% discount to the five-day average closing price of HK$0.0582.

Based on the revised terms, the gross proceeds target has increased from approximately HK$11.60 million to approximately HK$13.20 million. After accounting for estimated placing expenses of about HK$0.23 million, the expected net placing price stands at roughly HK$0.046 per share.

Apart from the revised long stop date and placing price, all other terms of the Placing Agreement remain unchanged. Completion of the placing is conditional upon fulfillment of the agreed-upon precedent conditions, and there is no assurance that the transaction will proceed. Shareholders and potential investors are advised to exercise caution when trading the company’s securities.

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