Congyu Intelligent Agricultural Raises Issued Share Capital by 28% Through HK$68.81 Million Placement

Bulletin Express
Jun 24

Congyu Intelligent Agricultural Holdings Limited completed a placing of 152.92 million new ordinary shares on 24 June 2026 under a specific mandate granted by shareholders. The issuance price was HK$0.45 per share, implying gross proceeds of approximately HK$68.81 million.

Prior to the transaction, Congyu Intelligent Agricultural had 546.13 million shares in issue. Following the allotment, the company’s total issued share capital rose 28% to 699.05 million shares. No treasury shares were outstanding before or after the placement.

The company confirmed that the allotment was fully authorised by its board, all proceeds have been received, and the issuance complied with Hong Kong Stock Exchange listing rules and relevant legal requirements.

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