B.Duck Semk Launches Discounted Share Placing to Raise HK$50 Million

Semk Holdings International Limited ( (HK:2250) ) has shared an update.

B.Duck Semk Holdings International Limited has entered into a placing agreement with Grand China Securities Limited to issue 67,568,000 new shares under its existing general mandate at HK$0.74 per share, representing a discount of roughly 10% to recent market prices. The placement, which does not require shareholder approval and will account for about 6.44% of the enlarged share capital if fully completed, is expected to raise approximately HK$49.5 million in net proceeds to be applied as specified by the company, potentially strengthening its capital position and funding future business needs, although completion remains subject to customary conditions and the non-termination of the agreement.

More about Semk Holdings International Limited

B.Duck Semk Holdings International Limited is a Hong Kong-listed company incorporated in the Cayman Islands, with its shares traded on the Main Board of the Stock Exchange of Hong Kong under stock code 2250. The group is associated with the B.Duck brand and operates in the consumer and brand-licensing space, focusing on leveraging its intellectual property across products and markets in Greater China and beyond.

Average Trading Volume: 314,345

Technical Sentiment Signal: Sell

Current Market Cap: HK$794.6M

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