ISP GLOBAL (08487) proposes share placement at approximately 19.10% discount, aiming to raise up to approximately HK$14.73 million net.

ISP GLOBAL (08487) announces that on October 28, 2026, the Company entered into a placing agreement with the placing agent, pursuant to which the Company intends to place, through the placing agent, a maximum of 208 million placing shares to not fewer than six independent placees at a placing price of HK$0.072 per placing share. The placing price represents a discount of approximately 19.10% to the closing price of HK$0.089 per share as quoted on the Stock Exchange on the date of the placing agreement. The maximum net proceeds from the placing are approximately HK$14.73 million. It is intended that 60% of the net proceeds will be used to develop the physical commodity trading business, 20% of the net proceeds will be used to repay certain outstanding debts of the Group, and 20% of the net proceeds will be used as general working capital of the Group.