CIMC Enric Holdings Limited (Stock code: 3899) announced the completion of its placing of new shares under a general mandate on 27 January 2026. According to the announcement, a total of 79,700,000 new shares were placed to not fewer than six independent third-party placees at HK$9.79 per share.

Gross proceeds from the placing amounted to around HK$780 million, while net proceeds were approximately HK$774 million. These funds are planned for clean energy business capital expenditure (about half of the net proceeds) and general business operations, including procurement of raw materials, operational expenses, and partial repayment of bank loans. The company anticipates utilizing the funds in full by 31 December 2026.

The newly issued shares represent roughly 3.77% of CIMC Enric’s share capital (excluding treasury shares) as of the completion date. Following this share placement, CIMC (through its subsidiaries) remains the largest shareholder, with a combined stake of about 67.29%. No placee has become a substantial shareholder as a result of this transaction.

Before the completion of the deal, CIMC Enric had the capacity to issue up to 405,655,517 new shares under its general mandate. After the issuance of 79,700,000 new shares in this placing, the company retains the ability to issue up to 325,955,517 shares under the same mandate. The total issued share capital has increased from 2,031,955,972 shares (excluding treasury shares) to 2,111,655,972 shares (excluding treasury shares).