Jenga Group (08187) plans to sell a maximum of 303.36,800 shares at a discount of approximately 8.33% to raise about HK$16.1 million

According to Zhitong Finance App, Building Blocks Group (08187) announced that on September 23, 2026, the company signed a placement agreement with the placement agent. The company plans to place a maximum of 303.36,800 shares to be placed to no less than 6 undertakers through the placement agent. The placement price is HK$0.55 per share. Placed shares are equivalent to approximately 16.67% of the total number of issued shares of the company after all allotments and the issuance of expanded placement shares. The placement price of HK$0.55 per share is approximately 8.33% off the closing price of HK$0.6 per share as reported on the Stock Exchange on the date of the placement agreement.

Assuming that all the placed shares are successfully placed by the placement agent, the maximum net proceeds from the placement are estimated to be approximately HK$16.1 million. The Company intends to use the net proceeds from the placement of approximately HK$3 million (or approximately 18.6% of the net proceeds) to repay the loan; and approximately HK$13.1 million (or approximately 81.4% of the net proceeds) as the Group's general working capital.