Gaokeqiao (09963) plans to sell a maximum of 40 million shares at a discount of about 8.50% to raise about HK$279 million

According to Zhitong Finance App, Gaokeqiao (09963) issued an announcement. On August 14, 2026 (after the trading period), the Company entered into a placement agreement with the Joint Placing Agent. According to this, the Company conditionally agreed to place a maximum of 40 million shares to no less than six undertakers (they and their beneficial owners must be independent third parties) at a placement price of HK$7.00 per share through the Joint Placement Agent.

Placed shares are equivalent to about 11.5% of the total number of issued shares on the date of this announcement, and the total number of issued shares was expanded by about 10.3% after the placement was completed (assuming that there was no change in the total number of issued shares other than the number of shares issued by the Company from the date of this announcement to the completion of the placement).

The placement price was discounted by approximately 8.50% from the closing price of HK$7.65 per share as reported on the Stock Exchange on the date of the placement agreement.

Assuming that all placed shares are fully placed, the total proceeds from the placement are expected to be approximately HK$280 million, while the net proceeds (after deducting all applicable costs and expenses, including placement commissions and levies) will be approximately HK$279 million. Based on this calculation, the net price of each placed share would be approximately HK$6.98.