361 Degrees Plans Share Placing and HK$610.8 Million Subscription for Overseas Expansion

361 Degrees International ( (HK:1361) ) has provided an announcement.

361 Degrees International has entered into a placing and subscription agreement under which UBS AG Hong Kong Branch will place up to 100,000,000 existing shares held by a controlling shareholder to at least six independent investors at HK$6.18 per share, representing a discount to recent market prices. The company will then issue an equivalent number of new shares to the vendor at the same price under its general mandate, raising about HK$610.81 million to fund overseas network expansion and general working capital, while slightly diluting the controlling shareholders’ stake and requiring a waiver application to avoid triggering a mandatory general offer under Hong Kong takeover rules.

The transaction is structured so that the controlling shareholders’ aggregate stake will first fall from about 48.99% to 44.15% upon placing and then rise to approximately 46.72% after the subscription, subject to regulatory approvals and listing permission for the new shares. Completion of both the placing and subscription remains conditional, and the company has warned shareholders and potential investors that the deal may or may not proceed, underscoring execution and regulatory risks around this capital‑raising plan and its implications for ownership structure and future growth funding.

The most recent analyst rating on (HK:1361) stock is a Buy with a HK$7.09 price target. To see the full list of analyst forecasts on 361 Degrees International stock, see the HK:1361 Stock Forecast page.

More about 361 Degrees International

361 Degrees International is a sportswear company listed on the Hong Kong Stock Exchange, focusing on the design, manufacture and sale of athletic footwear, apparel and related products. The group targets mass‑market consumers, with a growing emphasis on expanding its presence in overseas markets alongside its established operations in Greater China.

YTD Price Performance: 12.71%

Average Trading Volume: 6,393,790

Technical Sentiment Signal: Buy

Current Market Cap: HK$14.12B

For a thorough assessment of 1361 stock, go to TipRanks’ Stock Analysis page.