Cat Poop Coffee Holdings (01869) plans to sell up to 282 million shares at a discount of about 17.02%

According to Zhitong Finance App, Cat Poop Coffee Holdings (01869) issued an announcement. On August 12, 2026, the Company entered into a placement agreement with the placement agent. The Company has already agreed to place up to 282 million shares to no less than six undertakers at an placement price of HK$0.039 per share on a best-effort basis through the placement agent.

Placed shares account for about 14.3% of the expanded issued share capital. The placement price of HK$0.039 per share is approximately 17.02% off of the closing price of HK$0.047 per share on August 12, 2026.

Assuming that all placed shares are fully placed, it is estimated that the total proceeds and net proceeds (after deducting placement commissions and other related expenses and professional fees) will be HK$11 million and approximately HK$10.77 million respectively. The Company intends to use the net proceeds from the placement for the Group's business operations and general working capital.