Nuobikan Sees HK$150 Million in Warehouse Holdings as Shareholder Deposits 16.4885 Million Shares with Tianze Securities

Stock News
Oct 12

According to the latest data from the Hong Kong Stock Exchange, NUOBIKAN (02635) experienced unusual warehouse movements on October 9, with total warehouse market value reaching HK$150 million, accounting for 5.42%. The company's shareholder deposited 16.4885 million shares with Tianze Securities.

NUOBIKAN announced that all conditions precedent to the placing under the placing agreement have been fulfilled (including the Listing Committee's approval for the listing and trading of the placing shares), and the placing was completed on October 9, 2026. A total of 16.4885 million new H shares, representing approximately 5.14% of the total H shares and approximately 4.17% of the total issued shares as enlarged by the allotment and issue of the placing shares, were successfully allotted and issued by the company on October 9, 2026 at a placing price of HK$8.19 per placing share to not fewer than six placees, all of whom and whose ultimate beneficial owners are independent third parties (to the best of the directors' knowledge, information and belief after making all reasonable enquiries). Immediately following the completion of the placing, no placee became a substantial shareholder of the company (as defined in the Listing Rules). The gross proceeds from the placing amounted to approximately HK$135 million, and the net proceeds from the placing, after deducting the placing commission and other related costs and expenses of the placing, amounted to approximately HK$131 million. The net proceeds from the placing will be used in accordance with the purposes disclosed in the placing announcement and the company's supplemental announcement dated October 8, 2026 relating to the placing.

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