JM Group (01920) plans to discount approximately 13.2% of the maximum of 74.88 million shares to raise approximately HK$32 million net.

KCC Group (01920) announced that on June 15, 2026, the company plans to allocate up to 74.88 million shares of placement shares, which is equivalent to 14.60% of the company's issued share capital as of the date of this announcement; and approximately 12.74% of the enlarged issued share capital after the placement and issue of placement shares. The placement price of each placement share is HK$0.434, representing a discount of approximately 13.2% from the closing price of HK$0.50 per share on June 15. Assuming the placement agent successfully allocates all placement shares, the total maximum proceeds from the placement will be approximately HK$325 million. The net proceeds from the placement will be approximately HK$320 million, which will be used for potential acquisition of the Xinbin Water Project and operating capital.