According to the Zhitong Finance App, ISP GLOBAL (08487.HK) announced that on October 28, 2026, the company entered into a placement agreement with the placement agent to place up to 208 million shares to no less than six independent contractors at an placement price of HK$0.072 per share. The placement price is approximately 19.10% off the closing price of HK$0.089 per share reported on the Stock Exchange on the date of the placement agreement. The highest net proceeds from the placement are approximately HK$14.73 million. It is proposed that 60% of the net proceeds will be used to develop the physical commodity trading business, 20% of the net proceeds will be used to repay some of the Group's outstanding debts, and 20% of the net proceeds will be used as the Group's general working capital.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.