GBA Group (00261) completed placement of 46.56 million shares to raise approximately HK$8.66 million

Zhitong Finance App News, GBA Group (00261) issued an announcement. All conditions set out in the placement agreement have been met, and the placement matters have been completed on August 26, 2026. According to the terms and conditions of the placement agreement, the placement agent has placed a total of 46.56 million shares at the placement price of HK$0.20 per share to no less than six undertakers, accounting for approximately 14.05% of the Company's issued share capital which was expanded by allocating and issuing the placement shares after completion.

The net proceeds from the placement (after deducting placement commissions and other related expenses (including) professional expenses relating to the placement) are estimated to be approximately HK$8.66 million, which is equivalent to a net issue price of approximately HK$0.186 per placed share. The Company intends to use: approximately 30% to expand the Group's financial business; approximately 50% to expand the Group's corporate advisory services business carried out through its subsidiary Naval Assessment Consulting Co., Ltd.; and approximately 20% for the Group's general working capital.