INVESTECH HLDGS (01087) announced that on May 13, 2026, the company proposes to place up to 39,977,600 placement shares. This number represents 20% of the company's existing issued share capital as of the announcement date and approximately 16.67% of the company's issued share capital as enlarged by the allotment and issue of all placement shares.

The placement price is HK$0.67 per share, representing a discount of approximately 15.19% compared to the closing price of HK$0.79 per share on May 13.

Assuming all placement shares are fully subscribed, the gross proceeds from the placement will amount to approximately HK$26.8 million. The estimated net proceeds are approximately HK$25.8 million.

The company intends to allocate the net proceeds from the placement as follows: 90% will be used to repay the group's outstanding promissory notes as well as bank and other borrowings; the remaining 10% will be used to supplement the group's general working capital to cover employee costs, professional fees, and other operational expenses.