SY Holdings Group announces HK$600m share placing

SY Holdings Group Limited announced a placing of up to 56,286,000 new shares at HK$10.66 per share, aiming to raise gross proceeds of approximately HK$600.01 million. The placing price represents a discount of approximately 5.08% to the closing price on 2 September 2025 and a 13.12% discount to the average closing price over the five preceding trading days. Net proceeds, after expenses, are expected to be approximately HK$592.87 million, with a net issue price of HK$10.53 per placing share.

The placing shares represent approximately 5.58% of the company's existing issued share capital and 5.29% of the enlarged issued share capital. These shares will be allotted under the general mandate granted at the 2025 AGM and will rank equally with existing shares. The company plans to allocate up to 80% of the net proceeds towards research and development in AI Agent & Emerging Fields and international growth & strategic investments, with the remainder for general working capital.

The placing is conditional on several factors, including regulatory approvals and the listing committee granting permission for the shares to be dealt with on the stock exchange. The company reminds shareholders and potential investors to exercise caution.