Quantgroup Holding Limited will place up to 48.53 million new shares at HK$3.40 each, generating gross proceeds of approximately HK$165.00 million and net proceeds of about HK$162.60 million (net placing price: HK$3.35).
The placement price equals • a 15.32% discount to the 16 September 2026 close of HK$4.015, and • a 15.57% discount to the five-day average close of HK$4.027.
Share dilution • New shares equal 9.34% of the current issued share capital (519.70 million) and 8.54% of the enlarged base (568.22 million). • Post-placement, controlling shareholder Mars Legend Limited will fall to 27.76% from 30.35%; the public float will rise to 43.03% from 37.71%.
Use of net proceeds • 55% (HK$89.43 million) – expansion of the e-commerce segment, covering traffic acquisition, user operations, supply-chain payables and channel development. • 15% (HK$24.39 million) – research and development, including tech team remuneration, data-platform upgrades and cloud resources. • 30% (HK$48.78 million) – general working capital to meet day-to-day liquidity needs.
Mandate capacity • The 103.02 million-share general mandate obtained on 26 June 2026 had 98.42 million shares unused before this deal; after issuing the 48.53 million placement shares, 49.89 million shares remain available. No additional shareholder approval is required.
Placement mechanics • Tiger Brokers (HK) Global, Zheshang International Financial Holdings and Futu Securities International (HK) act as joint placing agents on a best-efforts basis. • At least six independent professional or institutional investors will be allotted shares; none will become a substantial shareholder. • Completion is conditional on Stock Exchange listing approval and the absence of material adverse events; lock-up for the company lasts 45 days post-completion.
Recent equity fundraising • November 2025 IPO and partial over-allotment: net proceeds HK$29.35 million. • July 2026 private subscription: 4.60 million shares at HK$13.05 raised HK$59.70 million net.
Quantgroup cites the modest scale of its IPO proceeds and ongoing business requirements as key reasons for executing the latest financing, which aims to reinforce liquidity and accelerate platform growth. Listing of the new shares will be sought from the Hong Kong Stock Exchange.