Giga Capital (01468.HK) plans to issue up to 347 million shares at a premium of 12.36%, raising a net of 34 million HKD

Gelonghui March 9 — Jago Capital (01468.HK) announced that on March 9, 2026, the company and the placing agent entered into a placing agreement. Under this agreement, the company has agreed to, on a best effort basis, sell up to 347 million placing shares at a price of HKD 0.1 per share to no fewer than six placees. The placing price of HKD 0.1 per share represents a premium of approximately 12.36% over the closing price of HKD 0.089 per share reported on the Stock Exchange.

Assuming all 347 million placing shares are successfully placed, the total proceeds from the placing will be approximately HKD 34.74 million. After deducting estimated expenses related to the placing, the net proceeds are expected to be about HKD 34 million. The company plans to allocate (i) approximately HKD 16 million (about 47.06% of net proceeds) to repay loans; (ii) approximately HKD 14 million (about 41.18% of net proceeds) to repay corporate bonds; and (iii) approximately HKD 4 million (about 11.76% of net proceeds) to supplement group working capital to support ongoing operations, including daily operating and administrative expenses, and to fund securities activities such as margin financing, underwriting, and lending services.