Yucheng Logistics (08489) plans to place up to 60 million shares at a discount of approximately 19.70% to raise HK$15.3 million

According to Zhitong Finance App, Yucheng Logistics (08489) issued an announcement. On December 30, 2025, the company entered into a placement agreement with the placement agent. According to this, the company conditionally agreed to place up to 60 million shares of placement shares to no less than six undertakers at a placement price of HK$0.265 per share, and such undertakers and their beneficial owners must be independent third parties.

Assuming that there is no change in the number of shares issued between the date of this announcement and the date of completion, the maximum number of issued shares is 60 million shares, which is equivalent to approximately 20.00% of the company's current issued share capital at the date of this announcement; and approximately 16.67% of the company's issued share capital expanded through allotment and issuance of placed shares.

The placement price was HK$0.265 compared to the closing price of the shares on the Stock Exchange at HK$0.330 per share, a discount of approximately 19.70% compared to the date of the placement agreement.

Assuming that up to 60 million shares are fully placed, the total proceeds from the placement and net proceeds (after deducting all applicable costs and expenses, including commissions and levies) are estimated to be approximately HK$15.9 million and HK$15.3 million, respectively. The Company intends to use the net proceeds of the placement approximately HK$15.3 million as the Group's general working capital. The amount will be used to cover the Group's employee costs, professional expenses, rent payments, and general administrative and business operating expenses.