HKE HOLDINGS (01726) plans to offer 100 million shares for sale, raising approximately HK$1.19 billion.

HKE HOLDINGS (01726) announced that on February 4, 2026 (after trading hours), the company entered into a placing agreement with Grand Saint Securities Limited, whereby the company conditionally agreed to place up to 100 million new shares at a placing price of HK$1.2 per share to not less than six placees (who must be independent third parties or not acting in concert with any other placee). The maximum number of placing shares represents approximately 9.28% of the existing issued share capital of the company as of the date of the announcement; and approximately 8.49% of the enlarged issued share capital of the company after the placing (assuming no change in the issued share capital from the date of announcement until completion). Assuming all 100 million placing shares are fully subscribed, the total proceeds from the placing will be HK$120 million, and the net proceeds will be HK$119 million (after deducting placing commissions and other expenses) (i.e. the net issue price per placing share is HK$1.188). The company intends to use approximately HK$65 million (about 55% of the net proceeds) to fund its financial technology platform business; approximately HK$30 million (about 25% of the net proceeds) for strategic investment opportunities; and the remaining HK$23.8 million (about 20% of the net proceeds) for general working capital of the group.