Eminence Enterprise Plans Connected Share Placing of Up to 6.6% of Capital

Eminence Enterprise Limited ( (HK:0616) ) has shared an update.

Eminence Enterprise Limited has entered into a conditional placing agreement to issue up to 115.88 million new shares under its general mandate at HK$0.32 per share, representing about 6.62% of its existing issued share capital and 6.21% of the enlarged share capital if fully placed. The placing, to be conducted on a best-effort basis through Constance Capital Limited—an indirect wholly owned subsidiary of Easyknit and therefore a connected person—will run until 31 January 2026, with a 1% placing commission agreed after arm’s length negotiations and deemed fair and reasonable by the board, including independent non-executive directors; completion remains subject to conditions in the placing agreement, and the company has cautioned investors that the transaction may or may not proceed, underscoring the ongoing influence of Easyknit over its capital structure and future control.

The most recent analyst rating on (HK:0616) stock is a Hold with a HK$0.36 price target. To see the full list of analyst forecasts on Eminence Enterprise Limited stock, see the HK:0616 Stock Forecast page.

More about Eminence Enterprise Limited

Eminence Enterprise Limited is a Bermuda-incorporated company listed on the Hong Kong Stock Exchange (Stock Code: 616). The announcement indicates the company operates within a capital-intensive, investment-driven environment where it raises funds in the equity market and maintains relationships with strategic investors such as Easyknit and its subsidiaries, which already hold substantial convertible notes that could give them majority voting control upon full conversion.

Average Trading Volume: 10,329,439

Technical Sentiment Signal: Hold

Current Market Cap: HK$551.7M

Learn more about 0616 stock on TipRanks’ Stock Analysis page.