Jolimark Completes HK$13 Million Placement of 122.58 Million New Shares

Bulletin Express
Jun 12

Jolimark Holdings Limited announced the completion of its share placement on 12 June 2026, having fulfilled all conditions set out in earlier disclosures dated 26 May and 3 June 2026. A total of 122.58 million new shares were issued at HK$0.11 per share through a placing agent to not fewer than six independent investors.

The transaction generated net proceeds of approximately HK$13.00 million, which the company intends to deploy as general working capital, consistent with prior statements.

Post-placement, Jolimark’s issued share capital expanded from 612.88 million to 735.46 million shares. Key changes in ownership structure are as follows:

• Kytronics Holdings Limited’s stake diluted from 72.61% to 60.51%. • Kent C. McCarthy’s holding remained at 31.20 million shares, with his ownership ratio declining from 5.09% to 4.24%. • Other public shareholders maintained 136.65 million shares, now representing 18.58% of the enlarged capital. • The new placees collectively hold 122.58 million shares, equating to 16.67% of the total.

According to the board, all placees are independent third parties, and none has become a substantial shareholder under Hong Kong Listing Rules following the transaction.

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