Yikangtai Engineering Group (08445) plans to discount about 83.72% and place up to 55,276,000 shares to raise about HK$9.69 million

According to Zhitong Finance App, Yikangtai Engineering Group (08445) announced that on September 9, 2026, the company plans to place a maximum of 55.276 million shares placed, which is equivalent to about 20.00% of the company's existing issued share capital and about 16.67% of the company's issued share capital after expanding the placed shares. The placement price was HK$0.180 per share, a discount of approximately 83.72% from the closing price of HK$0.215 per share on September 9. Assuming that all of the shares placed were placed, the maximum total proceeds and net proceeds from the placement would be approximately HK$9.95 million and HK$9.69 million, respectively. The company intends to use the net proceeds from the placement to disburse the upfront expenses of the new plastering subcontract project and the Group's general working capital.