Graphex Electric Vehicle New Materials (06128.HK) proposes to place up to 188 million shares at a discount of approximately 1.96%, raising net proceeds of approximately HK$8.9 million.

Zhito Finance APP News, Graphex e-Mobility New Materials (06128.HK) announced that on October 13, 2026, the Company proposed to place a maximum of 188 million placing shares in aggregate, representing approximately 19.99% of the Company's existing issued share capital as at the date of this announcement, and approximately 16.67% of the Company's issued share capital as enlarged by the allotment and issue of the placing shares. The placing price is HK$0.050 per placing share, representing a discount of approximately 1.96% to the closing price of HK$0.051 per share on October 13. Assuming all placing shares are successfully placed under the placing agreement, the gross proceeds from the placing will be approximately HK$9.413 million, and the net proceeds from the placing will be approximately HK$8.9 million. The Directors intend to use the net proceeds to repay debts and supplement the Group's working capital to support its business operations.