GBA HOLDINGS (00261) has completed the placement of 46.56 million shares, raising approximately HK$8.66 million.

GBA HOLDINGS (00261) announced that all conditions set out in the placement agreement have been fulfilled, and the placement has been completed on August 26, 2026. According to the terms and conditions of the placement agreement, the placement agent has placed a total of 46.56 million placement shares at the placement price of HKD 0.20 per share to no fewer than six placing investors, accounting for approximately 14.05% of the enlarged issued share capital of the company immediately following the completion of the placement. The net proceeds from the placement, after deducting the placement commission and other related expenses (including professional fees), are estimated to be approximately HKD 8.66 million, equivalent to a net issue price of approximately HKD 0.186 per placement share. The company intends to use approximately 30% for expanding the Group's financial services; approximately 50% for expanding the Group's corporate advisory services through its subsidiary Naval Assessment Consultancy Limited; and approximately 20% for the Group's general working capital.