Future Bright Mining completes share placing, raises HK$27.32m
Future Bright Mining Holdings Limited announced the completion of its placing of new shares, successfully placing 210,640,000 shares at HK$0.133 per share. This transaction, completed on 20 October 2025, represents approximately 16.7% of the company's enlarged issued share capital. All conditions to the Placing Agreement were fulfilled on 15 October 2025.
The net proceeds from the placing, after deducting related expenses, amounted to approximately HK$27.32 million. The company intends to allocate approximately 36.60% (HK$10 million) as capital expenditure for the Yiduoyan Project and approximately 63.40% (HK$17.32 million) for general working capital.
Following the placing, the shareholding of Wu Yan Nancy, directly held by Golden Convergence Holdings Group Limited, decreased from 24.56% to 20.46%. The placing introduced new public shareholders, comprising 16.67% of the enlarged share capital, while other public shareholders maintain 62.87%. None of the placees became a substantial shareholder.
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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