OKURA HOLDINGS (01655) is planning to discount approximately 15.88% of the maximum 84,980,400 shares for a net raise of approximately HK$10.38 million.

OKURA HOLDINGS (01655) announced on January 23, 2026 that the company has entered into a placement agreement with placement agents. According to this agreement, the company has conditionally agreed to appoint the placement agents to facilitate the subscription of up to 84.98 million shares of placement shares by at least six placees at a placement price of HK$0.143 per share. The placement shares will be issued and allotted under general mandate. Assuming that there are no changes in the company's issued share capital from the date of this announcement to the completion date, the maximum of 84.98 million shares of placement shares is equivalent to approximately 13.38% of the company's existing issued share capital as at the date of this announcement and approximately 11.80% of the total issued share capital of the company after the issuance and allotment of the placement shares. The placement price of HK$0.143 per share represents a discount of approximately 15.88% compared to the closing price of HK$0.170 per share as reported on the Stock Exchange on the date of the placement agreement. If all placement shares are successfully placed, the total expected proceeds of the placement are HK$12.15 million, and the expected net proceeds (after deducting the placement commission payable to the placement agents and other costs and expenses associated with the placement) are approximately HK$10.38 million. The company plans to use around 50% and 30% of the net proceeds for the purchase of Japanese pachinko machines and Japanese slot machines, respectively; as well as for the renovation or enhancement of the group's existing Japanese pachinko game centers and for marketing expenses. The remaining approximately 20% will be used for general working capital of the group.