According to the Zhitong Finance App, ALCO HOLDINGS (00328.HK) announced that on October 23, 2026, the company plans to place a maximum of 57.2784 million shares to the undertaker at a placement price of HK$0.387 per share on a best-effort basis through placement agents. The maximum number of shares to be placed was approximately 16.67% of the issued share capital of a company that was expanded by allocating and issuing placed shares. The placement price of HK$0.387 is approximately 17.7% off the closing price of HK$0.47 per share as reported on the date of the placement agreement. Assuming that up to 57.2784 million shares have been fully placed, the total proceeds and net proceeds are estimated to be approximately HK$22.2 million and HK$21 million respectively. The Company intends to use the net proceeds from the placement for business development in South America and the Group's general working capital.

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