JOLIMARK Holdings Limited released supplemental details on its proposed placement of up to 122.58 million new shares under the general mandate at HK$0.72 per share.
Based on the disclosed allocation percentages, the transaction is expected to raise net proceeds of roughly HK$86.38 million. Key uses are as follows:
1. Staff salaries and benefits • 21.99% of net proceeds, or about HK$19.00 million, will fund staff salaries, social insurance and pension payments. • The company previously placed the same number of shares on 26 May 2026 at HK$0.11 per share, allocating 60% (HK$7.80 million) for the same expense category. Approximately HK$4.00 million of that earlier amount has already been spent; the remaining HK$3.80 million is scheduled for full utilisation by 31 July 2026. • Proceeds from the new placement designated for payroll are expected to be used within 12 months after completion.
2. Bank-loan repayment • 31.25% of net proceeds, or HK$27.00 million, is slated for repayment of working-capital bank loans within three months of completion. • Outstanding facilities to be settled total HK$26.22 million (principal plus interest) and comprise: – Bank A: HK$23.48 million maturing in August and September 2026 at 3.30% p.a. – Bank B: HK$0.39 million maturing in 2028 at rates of 3.55%–3.70% p.a.
Completion of the placement remains subject to the conditions outlined in the placing agreement. Shareholders and prospective investors are advised to exercise caution when dealing in the shares.