The oversize modern (00682.HK) completed the issuance of a total of 32.95 million shares for a net raise of approximately 7.19 million Hong Kong dollars.

Wisdom Financial News APP, Modern Land (00682.HK) announced that all conditions stipulated in the placement agreement were reached on December 17, 2025, and the completion of the placement matters was implemented on December 19, 2025 in accordance with the terms and conditions of the placement agreement. According to the placement agreement, the company has issued a total of 32.95 million shares at a placement price of HK$0.225 per share to no less than six placing agents (such placing agents and their ultimate beneficial owners will be independent third parties separate from the company and its related parties) under the general mandate, representing approximately 16.67% of the total issued share capital of the company as at the date of this announcement (after the placement shares have been issued and allotted). The net proceeds from the placement, after deducting placement commission and other related expenses, is approximately HK$7.19 million.