Acme International completes HK$11.9m share placement

Acme International Holdings Limited announced the completion of its placing of new shares under a general mandate on September 15, 2025. An aggregate of 50,000,000 placing shares were allotted and issued to not less than six independent placees at a price of HK$0.238 per share. This represents approximately 5.34% of the issued share capital before the placement and 5.06% after the enlargement. The gross proceeds from the placing amount to approximately HK$11.9 million, with net proceeds of approximately HK$11.6 million after deducting associated expenses.

The company plans to allocate the net proceeds equally, with approximately HK$5.8 million, or 50%, designated for the development of its electricity trading business and other potential green power energy projects in the PRC. The remaining HK$5.8 million, or 50%, will be used for general working capital, covering professional fees, staff salaries, rental, utilities, and other operational expenses.

Following the placement, the shareholding structure of Acme International Holdings Limited has shifted, with placees now holding 50,000,000 shares, representing 5.06% of the enlarged share capital. Public shareholders now account for 63.03% of the company's shares.