OKURA HOLDINGS (01655) surged over 90% in morning trading, reaching HK$0.29 per share by the time of writing, marking an 84.71% increase with a turnover of HK$12.32 million.

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

The placement price of HK$0.18 per share represents a 14.65% premium over the closing price of HK$0.157 on the agreement date. Assuming no changes in issued share capital from the announcement date to completion, the 120 million placement shares would account for approximately 16.7% of the enlarged issued share capital.

If fully subscribed, the gross proceeds are expected to reach HK$21.6 million, with net proceeds (after deducting commissions and expenses) estimated at around HK$19 million.

OKURA HOLDINGS intends to allocate roughly 50% and 30% of the net proceeds toward purchasing Japanese pachinko and slot machines, respectively, while 20% will be used for renovating existing game halls, marketing, and general working capital.