GBA HOLDINGS (00261) announced that all conditions under the placing agreement have been fulfilled, with completion occurring on September 26, 2025. The placing agent has successfully placed a total of 46,566,900 placing shares to no fewer than six placees at a placing price of HK$0.20 per placing share, in accordance with the terms and conditions of the placing agreement. The placing shares represent approximately 16.67% of the company's enlarged issued share capital following the allotment and issue of the placing shares upon completion. The estimated net proceeds from the placing amount to approximately HK$8.61 million.