Leader Education (01449.HK) proposes to place up to 120 million shares at a discount of approximately 17.5%, raising net proceeds of approximately HK$78.01 million

Zhitong Finance APP News, Leader Education (01449.HK) announced that on October 23, 2026, the Company intends to place up to 120 million placing shares, representing approximately 15.00% of the Company's existing issued share capital as at the date of this announcement; and approximately 13.04% of the Company's issued share capital as enlarged by the allotment and issue of the placing shares. The placing price of HK$0.660 per placing share represents a discount of approximately 17.50% to the closing price of HK$0.800 per share on October 23. Assuming all the placing shares are fully placed, the gross proceeds and net proceeds from the placing are estimated to be approximately HK$79.2 million and HK$78.01 million, respectively. The Company intends to apply the net proceeds from the placing as follows: approximately HK$66.31 million for the Group to continue advancing AI upgrades and the digital and intelligent transformation of its education and teaching business; and the remaining approximately HK$11.70 million as general working capital of the Group.