Boleyton (01333) completed placement of 3.05 million shares to raise approximately HK$29.5 million

According to Zhitong Finance App, Boleyton (01333) issued an announcement that all conditions under the placement agreement have been met, and the placement was completed on July 31, 2026. A total of 3.05 million new H shares (accounting for approximately 0.85% and 0.78% of the total number of issued H shares (excluding treasury shares) which were expanded after the placement was completed) were successfully placed to no less than six undertakers at the placement price of HK$10.08 per H share in accordance with the terms and conditions set out in the placement agreement.

The total proceeds and net proceeds from the placement were approximately HK$30.7 million and approximately HK$29.5 million respectively. The company plans to use 100% of the net proceeds from the placement to invest and develop the first phase of the Wasi project, of which approximately HK$24.3 million will be used to purchase photovoltaic modules and approximately HK$5.2 million will be used to purchase energy storage components. The above components and components will be used to build a 30MWp photovoltaic power plant and a 60MWh energy storage system in the first phase of the Wasi Project. The company expects to fully utilize the net proceeds from the placement before the end of 2026.