Yee Hop Holdings raises HK$35.25m in share placing for strategic acquisitions

Yee Hop Holdings Limited announced the successful completion of a placing of 15,000,000 new shares under its general mandate on September 30, 2025. These shares were placed to five investors at HK$2.35 per share, generating gross proceeds of approximately HK$35.25 million and net proceeds of approximately HK$34.97 million. The placers and their beneficial owners are independent third parties.

The net proceeds will be allocated primarily to strategic initiatives: approximately HK$15,000,000 for settling the consideration and expenses of a subscription in October 2025, and HK$17,000,000 to finance and develop the target company's business, including leasing high-performance GPU servers and AI-related cloud services, to be utilized by March 2027. The remaining proceeds will support software development, enhancement, and AI/machine learning integration, expected to be utilized by December 2026.

Following the placing, the company's issued share capital increased from 500,000,000 to 515,000,000 shares. The placing agents included Lego Securities Limited. Key placees included Ng Pui Man Connie, Yeung Kwun Wai Waiman, and Lowen Hong Kong Company Limited.