HARBOUR EQUINE (08377) announced that on September 22, 2025, the company entered into a placement agreement with a placing agent. The company has conditionally agreed to place up to 81.8 million placing shares through the placing agent on a best efforts basis at a placing price of HK$0.10 per placing share to placees (who together with their beneficial owners must be independent third parties).

The placing price of HK$0.10 per placing share represents a discount of approximately 15.97% to the closing price of HK$0.119 per share quoted on the Stock Exchange on September 22, 2025. The placing shares represent approximately 16.66% of the enlarged issued share capital.

Upon completion and assuming all placing shares are successfully placed by the placing agent, the maximum gross proceeds from the placement are expected to be HK$8.18 million. The estimated net proceeds after deducting placing commission and other related expenses are approximately HK$7.9 million, representing a net issue price of approximately HK$0.097 per placing share.

The company intends to use approximately HK$7.3 million of the net proceeds from the placement for repaying the group's existing borrowings, accounts payable and other payables, and approximately HK$0.6 million for the group's general working capital.