LC LOGISTICS (SEHK: 02490) has disclosed details of a planned share placement.

The company entered into a placement agreement on June 11, 2026, with joint placing agents.

The agents have conditionally agreed to arrange for at least six placees, who are independent third parties, to subscribe for 42.1536 million placement shares at HK$3.30 per share.

Assuming no change in the number of issued shares from the announcement date to the settlement date, the 42.1536 million placement shares represent approximately 7.36% of the existing issued share capital and about 6.86% of the enlarged issued share capital following the placement.

The placement price of HK$3.30 per share represents a discount of approximately 17.09% to the closing price of HK$3.98 per share on the date of the placement agreement.

The gross proceeds from the placement are expected to be approximately HK$139 million.

After deducting commissions and other related expenses, the estimated net proceeds are around HK$137.5 million, resulting in an estimated net issue price of approximately HK$3.26 per placement share.

Rationale for the Capital Raising

The company's board believes the placement supports the group's long-term development strategy, raises capital to seize future business opportunities, and broadens the shareholder base.

Use of Proceeds

Upon completion, the raised funds are intended to further strengthen the group's financial position, market competitiveness, and overall capabilities, promoting its long-term health and sustainable development.