Tianji Holdings (01520) unveiled plans on July 15, 2025, for a substantial share placement initiative. The company intends to issue up to 158.6 million new shares, representing approximately 16.67% of its enlarged share capital post-issuance. Priced at HK$0.52 per share, this strategic move could generate gross proceeds reaching HK$82.49 million if fully subscribed. After accounting for placement expenses, net proceeds are projected to total HK$79.92 million.
Management outlined clear allocation plans for the incoming capital. Funds will primarily service three key objectives: settling outstanding debt obligations, accelerating business development initiatives, and bolstering the group's day-to-day operational liquidity. This financing approach demonstrates Tianji's commitment to strengthening its financial foundation while pursuing growth opportunities in competitive markets. The placement structure reflects careful calibration, balancing equity dilution against immediate capital needs as the company positions itself for future expansion phases.
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