Boleyton (01333) completed a total placement of 16.6 million shares to raise approximately HK$159 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 September 18, 2026. A total of 16.6 million new H shares (accounting for approximately 4.42% and 4.07% of the total number of issued H shares (excluding treasury shares) which were expanded after the placement was completed) have been successfully placed to no less than six undertakers at the placement price of HK$10.28 per H share in accordance with the terms set out in the placement agreement and subject to its conditions.

The total proceeds from this placement and the net proceeds (after deducting commissions and estimated expenses) were approximately HK$171 million and approximately HK$159 million respectively.

The Company intends to use: (i) about 60% of the net proceeds from the placement for investment and development, such as the first phase of the Wassi Project, which is expected to be used by the end of the second quarter of 2027; (ii) about 20% of the net proceeds from the placement will be used for technology upgrades and demonstration scale applications of driverless mining cards, which is expected to be fully used by the end of the fourth quarter of 2027; and (iii) about 20% of the net proceeds from the placement is expected to be used by the end of the fourth quarter of 2026.