According to Zhitong Finance App, APOLLO Travel (00860) announced that on October 8, 2026, the company plans to place up to 204 million shares to be placed, equivalent to 20.00% of the company's total issued share capital at the date of this announcement; and about 16.67% of the company's issued share capital after all allotments and issuance of the expanded shares. The placement price is HK$0.59 per placement share. Assuming that all of the placed shares are fully placed, the total proceeds from the placement will be approximately HK$120.6 million. The net proceeds from the placement of approximately HK$116.8 million are intended to be used: (i) about 90% to repay the Group's debts; (ii) about 10% for general working capital purposes.

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