Civet Coffee Holdings Plans to Place Up to 282 Million Shares at ~17.02% Discount

Brief (coffeeyo.com): Hong Kong-listed Civet Coffee Holdings (01869) plans to place up to 282 million shares at HK$0.039 each — a roughly 17% discount to the last close — to raise about HK$10.8 million for working capital.

Civet Coffee Holdings (01869) announced that on August 12, 2026, the company entered into a placing agreement with placing agents, and the company has conditionally agreed to place, through the placing agents on a best-efforts basis at the placing price of HK$0.039 per placing share, up to 282 million placing shares to no fewer than six placees.

The placing shares represent approximately 14.3% of the enlarged issued share capital; the placing price of HK$0.039 per share represents a discount of approximately 17.02% to the closing price of HK$0.047 per share on August 12, 2026.

Assuming all placing shares are fully placed, the estimated total proceeds and net proceeds (after deducting placing commission and other related expenses and professional fees) will be HK$11 million and approximately HK$10.77 million respectively. The company intends to use the net proceeds from the placing for the group’s business operations and general working capital.

Source: Hexun Finance.

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