Keystone Capital (00804) plans to discount about 19.94% and place up to 12.182 million shares to raise about HK$60.4 million

According to Zhitong Finance App News, Keystone Capital (00804) announced that on July 29, 2026 (after the trading period), the Company entered into a placement agreement with the placement agent. According to this, the Company has appointed an placement agent to place up to 12.182 million shares to no less than six independent undertakers at a price of HK$5.22 per share according to the best of its ability and prior conditions for reaching the placement matters.

The placement price of HK$5.22 per share is: (i) approximately 19.94% off the closing price of HK$6.52 per share as reported on the date of the placement agreement; and (ii) approximately 38.46% of the average closing price of the shares on the last five trading days reported on the Stock Exchange immediately prior to the placement agreement date of approximately HK$3.77 per share.

Assuming that all of the placed shares were placed, the highest number of 12.182 million placed shares would account for about 20% of the Company's issued share capital of 6.91 million shares on the date of this announcement, and approximately 16.67% of the Company's issued share capital after the expansion of the highest number of placed shares issued.

Assuming that all of the shares placed were placed, the total and net proceeds from the placement would be approximately HK$63.6 million and HK$60.4 million, respectively. The Company plans to use these net proceeds to expand the provision of secured finance services, money lending services, apply for virtual asset licenses, and expand the implementation of the Group's AI applications.