FE Holdings International (00036) plans to allot approximately 16.10% of the total offering of 65.346 million shares at a net fundraising of approximately HK$21.62 million.

FE Holdings International (00036) announces that on June 17, 2025 (after trading hours), the company has entered into a placing agreement with the placing agent. According to this agreement, the placing agent has agreed to use its best efforts to ensure that no less than 6 subscribers subscribe for 65.346 million shares at a subscription price of HK$0.344 per share, in accordance with the terms and conditions set out in the placing agreement. The placing price represents a discount of approximately 16.10% to the closing price of HK$0.410 per share of the company on June 17, 2025 (the date of the placing agreement) (i.e. the last trading day) as reported on the Stock Exchange. Assuming the maximum of 65.346 million shares of placing shares are issued, the net proceeds that the company will receive is expected to be approximately HK$216.2 million. The company intends to use the net proceeds for general working capital of the group, including repayment of loans.