Victoria Hong Kong Yuma (08377) plans to discount about 14.89% and place up to 98.1875 million shares to raise about HK$7.59 million

According to Zhitong Finance App, Victoria Hong Kong Yuma (08377) announced that on July 13, 2026, the company plans to place up to 98.1875 million shares placed, which is equivalent to about 20.00% of the company's existing issued share capital at the date of this announcement and about 16.67% of the company's issued share capital expanded through allotment and issuance of placement shares. The placement price of HK$0.08 per share was approximately 14.89% off the closing price of HK$0.094 per share on July 13. After completion, and assuming that all placed shares will be successfully placed by the placement agent, the total amount of proceeds from the placement is expected to be up to HK$7.755 million, while the net proceeds are estimated to be approximately HK$7.59 million. The Company intends to use (i) approximately HK$4.05 million of the net proceeds raised from the placement to repay the Group's existing loans, accounts payable and other payables; and (ii) approximately HK$3.54 million as the Group's general working capital.