Highland shares (01676) shareholders transferred shares from Yuanta Securities Hong Kong to KGI Securities Asia with a market value of HK$105.51 million

The Zhitong Finance App learned that the latest data from the Hong Kong Stock Exchange shows that on December 17, shareholders of Highland Securities (01676) transferred their shares from Yuanta Securities Hong Kong to KGI Securities Asia, with a market value of HK$105.1 million, accounting for 7.27%.

On December 9, Highland Co., Ltd. announced that on December 9, 2025, the company plans to place a maximum of 43.849 million shares, which is equivalent to about 16.67% of the company's issued share capital after allocating and issuing all the shares placed. The placement price was HK$0.52 per share, a discount of approximately 14.75% from the closing price of HK$0.61 per share on December 9.

Assuming that all of the placed shares are fully placed, the net proceeds from the placement are estimated to be approximately HK$22.39 million. The directors intend to distribute the net proceeds as follows: approximately 50% for the Group's existing food business; approximately 30% for the Group's existing catering business; and 20% for the Group's general working capital.