Acme International completes HK$16.5m share placing for growth, working capital

Acme International Holdings Limited announced the successful completion of a placing of 30,000,000 new shares at HK$0.55 per placing share on December 19, 2025. This transaction raised gross proceeds of HK$16.5 million, with net proceeds, after deducting associated costs, amounting to approximately HK$16.1 million. The new shares represent approximately 2.95% of the company's enlarged issued share capital.

The company plans to allocate the net proceeds primarily towards two key areas. Approximately HK$6.4 million (40%) will be directed to the development of electricity trading business and other potential green power energy projects in the PRC. The remaining HK$9.7 million (60%) is earmarked for general working capital, covering professional fees, staff salaries, office rental, utilities, and other operational expenses.

The placing saw participation from not less than six independent placees, none of whom became substantial shareholders immediately after the completion. The shareholding structure has shifted, with public shareholders now holding 61.15% of the enlarged share capital, down from 63.01% prior to the placing. Treasure Ship Holding Limited, the largest shareholder, now holds 21.55%, a slight decrease from its previous 22.21%.