OKURA HOLDINGS (01655) announced that on November 7, 2025 (after trading hours), the company entered into a placement agreement with a placing agent. Under the agreement, the company conditionally appointed the agent to facilitate subscriptions by no fewer than six placees for up to 120 million placement shares at HK$0.18 per share. The placement shares will be allotted and issued under the general mandate.

The placement price of HK$0.18 per share represents a premium of approximately 14.65% over the closing price of HK$0.157 per share on the Hong Kong Stock Exchange on the agreement date. Assuming no changes in the company’s issued share capital from the announcement date to completion, the maximum 120 million placement shares would account for about 16.7% of the enlarged issued share capital post-completion.

If all placement shares are successfully placed, the gross proceeds are expected to be HK$21.6 million, with net proceeds (after deducting commissions and related expenses) estimated at approximately HK$19 million.

The company intends to allocate roughly 50% and 30% of the net proceeds toward purchasing Japanese pachinko machines and slot machines, respectively, as well as renovating or upgrading existing pachinko halls and covering marketing expenses. The remaining 20% will be used for general working capital purposes.