HK Stock Market Move | QUANTGROUP (02685) rose over 5% in the afternoon, plans to issue placing shares at a discount of approximately 15.32% to raise net proceeds of approximately HK$162.6 million.

QUANTGROUP (02685) rose over 5% in the afternoon, up 4.65% as of press time, at HK$4.045, with a turnover of HK$67.425 million. On the news front, QUANTGROUP announced that on September 16, 2026, the Company entered into a placing agreement with the joint placing agents, pursuant to which the Company agreed to appoint the joint placing agents, and each joint placing agent conditionally agreed to act as agent of the Company to use its best endeavors to procure not fewer than six placees in total to subscribe for up to 48,529,400 placing shares at the placing price of HK$3.40 per share, on the terms and subject to the conditions set out in the placing agreement. The placing price of HK$3.40 per share represents a discount of approximately 15.32% to the closing price of HK$4.015 per share as quoted on the Stock Exchange on September 16, 2026. The placing shares account for approximately 8.54% of the Company's issued share capital as enlarged. Assuming all placing shares are placed, the gross proceeds from the placing are expected to be approximately HK$165 million, and the net proceeds from the placing are expected to be approximately HK$162.6 million, representing an estimated net placing price of approximately HK$3.35 per placing share.