Acme International Announces HK$10.00 Million Share Placement, Expanding Share Capital by 4.69%

Bulletin Express
Jul 17

Acme International Holdings Limited on 17 July 2026 signed a placing agreement with Valuable Capital Limited to issue up to 50.00 million new shares under its existing general mandate at HK$0.20 per share.

The proposed issuance equates to 4.92% of the current issued share capital and 4.69% of the enlarged share base. The placing price represents a 5.66% discount to the 17 July closing price of HK$0.212 and aligns with the five-day average closing price of approximately HK$0.20. Net of the 1.5% placing commission and related expenses, the net placing price is estimated at HK$0.194 per share.

Gross proceeds are expected to reach HK$10.00 million, with net proceeds of about HK$9.70 million earmarked for general working-capital needs, including professional fees, staff costs, office rental and utilities. The shares will be allotted under the remaining 203.43 million-share general mandate approved on 22 June 2026; no further shareholder approval is required.

At least six independent third-party investors will be procured on a best-effort basis, and none is expected to become a substantial shareholder. Post-placement, the largest shareholder, Treasure Ship Holding Limited, will see its stake diluted from 21.55% to 20.54%, while public float will decrease from 64.10% to 61.10%.

Completion is conditional on Hong Kong Stock Exchange listing approval and other consents by the 7 August 2026 long-stop date. The placing agent may terminate the agreement under specified adverse market or company events.

Over the past 12 months, Acme International raised HK$11.60 million in September 2025 and HK$16.10 million in December 2025 through two separate share placings, allocated to green power initiatives and working-capital purposes.

The company focuses on AI-enabled electricity trading, renewable energy technical services, and the development and sale of green power generation and energy-storage systems, alongside design-and-build solutions for building-maintenance units.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10