According to the Zhitong Finance App, Jin Taifeng International Holdings (09689.HK) announced that on July 16, 2026, the company plans to place up to 186 million new shares, equivalent to 20% of the company's current issued share capital; and about 16.67% of the company's issued share capital after allotting and issuing additional shares. The placement price is HK$0.69 per placed share. Assuming that all of the placed shares are fully placed, the total proceeds from the placement will be approximately HK$128.3 million, and the net proceeds are estimated to be approximately HK$125.6 million. The Group plans to use 90% of the net proceeds from the placement to develop and enhance the Group's trading capacity in China, and use approximately 10% as the Group's general working capital.

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