Acme International plans share placing to fund green energy expansion

Acme International Holdings Limited announced a placing of up to 50,000,000 new shares at HK$0.238 per share, aiming to raise approximately HK$11.9 million in gross proceeds. The placing shares represent about 5.34% of the existing issued share capital and 5.06% of the enlarged issued share capital. This move, carried out under a general mandate, will not require further shareholder approval.

The company intends to allocate the net proceeds of approximately HK$11.6 million equally. Approximately HK$5.8 million, or 50%, will be directed towards developing electricity trading and other green power energy projects in the PRC. The remaining HK$5.8 million, also 50%, will serve as general working capital, covering professional fees, staff salaries, office rental, utilities, and other expenses.

Valuable Capital Limited will act as the placing agent, procuring at least six independent third-party placees. The placing price of HK$0.238 per share represents a 15% discount to the closing price of HK$0.28 on 28 August 2025, and a 1.4% premium over the average closing price for the preceding five trading days.