ALCO HOLDINGS (00328) completed placement of 57,2784 million shares to raise approximately HK$21 million

According to the Zhitong Finance App, ALCO HOLDINGS (00328) announced that all conditions set out in the placement agreement have been met and completed on November 12, 2026. The placement agent has successfully placed a total of 57.2784 million shares to no less than six undertakers at an placement price of HK$0.387 per placed share in accordance with the terms and conditions of the placement agreement. The total proceeds from the placement will be approximately HK$22.2 million, and the net proceeds from the placement will be approximately HK$21 million. The Company intends to use the net proceeds from the placement for South American business development and the Group's general working capital.