REPT BATTERO Energy Co., Ltd. (Stock Code: 0666) has entered into a Placing Agreement with several placing agents on 31 October 2025. The arrangement involves the placing of up to 60,000,000 new H shares under a general mandate at HK$13.35 per share. The new shares represent approximately 6.86% of the company’s existing issued H shares and approximately 2.64% of the total issued shares as of the announcement date.

The placing price reflects an approximate 11.65% discount to the HK$15.11 closing price on 30 October 2025, and around a 6.01% discount to the five-day average closing price of HK$14.20 prior to and including that date. Assuming full placement, estimated gross proceeds are about HK$801.00 million, with expected net proceeds of roughly HK$794.32 million. This translates to a net placing price of about HK$13.24 per share.

The general mandate, granted at the company’s annual general meeting on 27 June 2025, allows allotment and issuance of up to 455,374,810 new shares. Under this latest placing, REPT BATTERO has not exceeded the quota. The company has confirmed that application will be made to the Stock Exchange for the listing and permission to deal in the new shares.

Management indicates that proceeds will primarily fund construction of new production facilities and the expansion of existing capacity, accounting for 85% of the total, with the remaining 15% allocated to working capital. The placing remains conditional on the satisfaction or waiver of specific conditions, including obtaining final regulatory approvals. According to the announcement, the shareholding structure of REPT BATTERO will shift upon completion, though no placee will become a substantial shareholder.

All investors and shareholders should note that the placing may or may not proceed, depending on whether the stated conditions are fulfilled. The company has urged caution in dealings involving its shares, given that the placing remains subject to possible termination under the agreed terms.