Great World to Raise HK$2.40 Million via 32 Million-Share Placement at 2.6% Discount

Bulletin Express
Jun 22

Great World Company Holdings Ltd (Great World) has signed a conditional subscription agreement with independent investor Mr. Hou Yong to issue 32.00 million new shares under its existing general mandate.

Key Transaction Terms • Size & Structure: The placement will be executed in two equal tranches of 16.00 million shares each, for a total of 32.00 million new shares. • Pricing: Subscription price is set at HK$0.075 per share, reflecting a 2.6% discount to the 22 June 2026 closing price of HK$0.077 and a 3.6% discount to the five-day average closing price of HK$0.078. • Proceeds: Gross proceeds are expected to reach HK$2.40 million and are earmarked for general working-capital purposes. • Timeline: First completion is due within seven business days after regulatory approvals. The second tranche must close within two months of the first completion but no later than 22 September 2026. • Listing Approval: The shares will be issued under the company’s unused general mandate (66.45 million shares) granted at the 25 September 2025 AGM, and are subject to Stock Exchange approval for listing and dealing.

Shareholding Impact • Current issued share capital: 332.27 million shares. • Post-placement issued share capital: 364.27 million shares. • Dilution: The new shares equate to 9.63% of current outstanding shares and 8.78% post-enlargement. • Subscriber stake: Mr. Hou Yong will hold 32.00 million shares (8.78%) upon full completion. • Public float remains above 25% following issuance.

Strategic Rationale Management views the placement as an expedient, non-dilutive (within mandate) method to strengthen liquidity for ongoing operations across its three core segments—intelligent advertising, agricultural & forestry products and consumer goods, and supply-chain services—while simultaneously broadening the shareholder base.

Fund-Raising History The company has not undertaken any equity financing exercises in the 12 months preceding this announcement.

Cautionary Note Completion is contingent upon Stock Exchange approval and other customary conditions. Investors are advised to exercise caution when dealing in Great World shares pending finalisation of the transaction.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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