Yee Hop holdings announces share placing to fund AI investment

Yee Hop Holdings Limited (HKEX:1662) announced a conditional placing of up to 15,000,000 new shares at HK$2.35 per share, aiming to raise approximately HK$35.25 million gross and HK$34.97 million net. The placing, representing 3.00% of current issued shares, will fund a strategic investment in Trio AI Limited. Trading in Yee Hop Holdings shares was halted on September 16, 2025, and will resume on September 17, 2025.

The company's wholly-owned subsidiary, YH Inv Holdings Limited, entered into a subscription agreement on September 16, 2025, to subscribe for 15,000,000 shares in Trio AI Limited for HK$15,000,000. Trio AI, an AI infrastructure service provider, will become a non-wholly owned subsidiary of Yee Hop Holdings, with the acquisition enhancing the group's operational efficiency and technological capabilities across its foundation and civil engineering, premises revitalization, and health and environmental innovation businesses.

The net proceeds from the placing will primarily be used to settle the HK$15,000,000 subscription consideration for Trio AI, with an additional HK$17,000,000 allocated to finance and develop Trio AI's business, including leasing high-performance GPU servers. The remaining proceeds will fund research and development in software enhancement and AI integration into the group’s business model.