According to Zhitong Finance App, Weiliang Holdings (08612) issued an announcement. On November 11, 2026, the company appointed placement agents as its agents to induce no less than six undertakers to subscribe for up to 82.94 million shares at a price of HK$0.1 per placement share. Placed shares will be distributed and issued in accordance with a general mandate. The 82.94 million placed shares are equivalent to approximately 16.67% of the company's issued share capital after being expanded through allotment and issuance of placed shares. The placement price is approximately 17.65% premium over the closing price of HK$0.085 per share reported on the Stock Exchange on the date of the placement agreement.

Assuming that all of the placed shares are fully placed, the maximum total proceeds from the placement will be approximately HK$8.3 million. The net proceeds from the placement are expected to be approximately HK$7.6 million. The Company intends to use the net proceeds from the placement as the Group's general working capital.

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