FUTIAN HOLDINGS (08196) announced on December 10, 2025, that it has entered into a placement agreement with a placing agent. The company appointed the agent to facilitate the subscription of up to 9.105 million placement shares by no fewer than six placees at HK$0.60 per share on a best-efforts basis.
The placement shares will be issued under the new general mandate. The placement price of HK$0.60 per share represents a discount of approximately 9.09% to the closing price of HK$0.660 per share on the date of the agreement.
The 9.105 million placement shares account for about 16.67% of the company's enlarged issued share capital upon completion. Assuming full subscription, the gross proceeds from the placement will amount to approximately HK$5.46 million, with net proceeds estimated at HK$5.26 million.
The company intends to use the net proceeds for general working capital and business development purposes.