Daido Group lifts share base by 12.9% through HK$11.60 million share subscription

Bulletin Express
Apr 30

Daido Group Limited filed a Next Day Disclosure Return on 30 April 2026, confirming the allotment of 5.80 million new ordinary shares under a general mandate pursuant to a subscription agreement dated 27 April 2026.

The new shares, issued at HK$2.00 each, expanded Daido Group’s issued share capital (excluding treasury shares) from 44.81 million to 50.62 million shares, representing a 12.9% increase. The placement generated gross proceeds of approximately HK$11.60 million.

No treasury shares were outstanding before or after the transaction, and the company reported no share repurchases or redemptions during the period. The board confirmed that the issuance complied with all Hong Kong Stock Exchange listing rules and regulatory requirements.

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.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10