SY Holdings raises HK$592m in share placing for strategic growth
SY Holdings Group Limited announced the completion of its placing of new shares on September 10, 2025, raising approximately HK$592.87 million in net proceeds. An aggregate of 56,286,000 placing shares were successfully placed at HK$10.66 per share to at least six independent third-party placees.
The company plans to allocate the net proceeds primarily towards research and development in AI Agent and other innovative technologies (40%), and international growth & strategic investment (40%). These initiatives aim to build a global supply chain technology platform, expand into innovation sectors like e-commerce and robotics, and enhance its international supply chain service network through strategic investments and mergers. The remaining 20% will be used for general working capital purposes.
This capital injection will support the company’s strategic objectives, including a global supply chain service network, and accelerate the integration of the international industrial ecosystem. The board will continuously assess and may adjust the use of proceeds based on market conditions and business opportunities.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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