FDB Holdings Raises HK$76.90 Million via Fully Subscribed Rights Issue; Public Float Rises to 56.76%

Bulletin Express
Aug 19

FDB Holdings has completed its 1-for-2 rights issue, securing gross proceeds of HK$79.90 million and estimated net proceeds of HK$76.90 million. All 799.20 million new shares on offer—priced at HK$0.10 each—have been taken up, rendering the transaction and its associated placing agreement unconditional as of 14 August 2026. The funds are earmarked primarily for overseas expansion, including the company’s Kazakhstan Project.

Initial take-up from qualifying shareholders reached 188.09 million shares, or 23.53% of the total available. The remaining 611.11 million unsubscribed shares were successfully placed to no fewer than six independent investors at the same HK$0.10 subscription price, leaving no net gain to distribute to non-participating shareholders under the compensatory arrangements.

Post-issue, FDB Holdings’ issued share capital has enlarged from 1.60 billion to 2.40 billion shares. Key executives saw their stakes diluted: Masterveyor Holdings Limited (controlled by Executive Director Ng Kin Siu) now holds 18.10% of the company, down from 27.16%; Wodafeng Ltd. (controlled by Executive Director Yu Hongxiang) falls to 16.39% from 24.58%; and Gentle Soar Limited (beneficially owned by Gao Yunhong) decreases to 8.75% from 13.12%. Independent placees introduced through the compensatory placing collectively account for 25.49% of the enlarged share base, lifting the overall public float to 56.76%.

Share certificates for both accepted rights shares and placed shares are scheduled for dispatch on 20 August 2026. Trading in the fully paid rights shares is expected to commence on the Hong Kong Stock Exchange at 9:00 a.m. on 21 August 2026.

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