DENOX ENV (SEHK: 01452) has announced a proposed share placement. On July 10, 2026, the company intends to allot and issue 178 million subscription shares to the subscriber, Ms. Zhao Shu, an executive director and controlling shareholder.

The number of subscription shares represents 30.00% of the company's existing issued share capital as of the announcement date, and approximately 23.08% of the enlarged issued share capital following the completion of the placement.

The subscription price is set at HKD 0.1368 per share. This represents a discount of approximately 16.59% compared to the closing price of HKD 0.164 per share on July 10.

The gross proceeds from the share subscription are expected to be approximately HKD 24.33 million, with net proceeds estimated at around HKD 23.33 million.

The company plans to allocate the net proceeds as follows: approximately 20% will be used to upgrade production equipment for manufacturing corrugated plate catalysts; about 60% is earmarked for procuring raw materials, including core precious metals, required for carbon monoxide removal catalysts; and the remaining 20% will serve as general working capital.