Lesi Group completes HK$68.90 million share placing; issued capital expands to 600 million shares

Bulletin Express
Jun 04

Lesi Group Limited announced the completion of its share placing on 4 June 2026. All conditions under the placing agreement dated 21 May 2026 have been fulfilled, enabling the allotment of 100 million new shares at HK$0.700 each.

The transaction represents 20.0% of the company’s pre-placement issued share capital and approximately 16.7% of the enlarged share base, increasing total issued shares from 500 million to 600 million. Net proceeds amount to HK$68.90 million after deducting placing commissions and related expenses.

Shareholding structure has shifted as follows: • Ka Lok Holdings Limited’s attributable stake declines from 71.25% to 59.38%. • Public shareholders’ aggregate interest rises from 28.75% to 40.62%, including the newly placed 100 million shares held by not fewer than six independent third-party investors. • Minimum public float requirements under the Listing Rules remain satisfied, and no mandatory general offer is triggered.

Planned deployment of the net proceeds: • HK$24.10 million (35%) for technology upgrades focused on AI short-video production and AI advertising R&D. • HK$37.90 million (55%) to expand the customer base by optimising the media distribution network. • HK$6.90 million (10%) allocated to general working capital.

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