Jiayuan Services completes HK$15.13 million placement, issuing 60.50 million new shares at HK$0.25 each

Bulletin Express
Apr 24

Jiayuan Services Holdings Limited announced the completion of its share placement on 24 April 2026, fulfilling all conditions in the Placing Agreement dated 15 April 2026.

A total of 60.50 million new shares were allotted at HK$0.25 per share, representing 9.89% of the issued share capital immediately before the transaction and 9.00% of the enlarged share capital. The placement was taken up by two independent investors: Digcom Equipment Company Limited and JH Service Limited.

Gross proceeds reached HK$15.13 million, while estimated net proceeds after fees stand at HK$14.60 million, implying a net issue price of approximately HK$0.241 per share. Management intends to deploy the funds for general working capital—covering rental payments, staff costs, professional fees, administrative expenses—and to settle outstanding payables, with full utilisation targeted by end-2026.

Post-placement, total shares outstanding increased from 611.71 million to 672.21 million. Major shareholder Valuable Capital Limited’s stake diluted from 73.56% to 66.94%, while public float (excluding the two placees) declined from 26.41% to 24.04%.

The placement did not create any new substantial shareholders under Hong Kong listing rules, and both placees remain classified as independent third parties.

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