Sheng Ye Capital completes HK$209.59m share placement

Sheng Ye Capital announced the completion of its share placement under the general mandate on May 20, 2025. The company successfully placed 17,480,000 new shares, representing 1.77% of the issued share capital before the placement, and approximately 1.74% after the allotment. These shares were placed to not less than six independent parties at a price of HK$11.99 per share, pursuant to the terms of the placing agreement. The gross proceeds from the placing totalled approximately HK$209.59 million, with net proceeds after expenses reaching approximately HK$208.71 million, representing a net issue price of approximately HK$11.94 per share. The company plans to allocate up to 80% of the proceeds to platform-based technology service expansion and R&D, with the remainder for general working capital.