Deepexi Technology Co., Ltd. Announces Major HK\$401.7 Million Placing of New H Shares
Key Highlights
- Placing Agreement Signed: Deepexi Technology signed a placing agreement on May 21, 2026, with multiple placing agents to issue 7,942,000 new H Shares at a price of HK\$50.58 per share.
- Discounted Placing Price: The placing price represents a 19.78% discount to the May 20, 2026 closing price of HK\$63.05 per share, and a 19.60% discount to the five-day average closing price of HK\$62.91 per share.
- Shares Issued Under General Mandate: The Board will issue these shares under the general mandate granted at the April 29, 2026 AGM, without need for further shareholder approval.
- Gross and Net Proceeds: Assuming full placement, gross proceeds will be approximately HK\$401.7 million and net proceeds after expenses will be HK\$395.0 million. Net issue price per share is estimated at HK\$49.73.
- Shareholding Structure Impact: The new shares will dilute existing shareholders slightly, with total shares rising from 326,632,000 to 334,574,000. Placees will hold 2.37% of enlarged share capital.
- Lock-up Commitment: Deepexi has committed not to issue additional shares or similar instruments for 45 days after completion, except for the Placing Shares.
Details Investors Must Know
- Completion Conditions: Placing completion is subject to several conditions, including Stock Exchange listing approval, required regulatory filings, and no material adverse effects on Deepexi’s financial condition or business. If these are not met or waived by the Sole Overall Coordinator, the placing may be terminated.
- Use of Proceeds:
- 70% (approx. HK\$276.5 million): Overseas market expansion and localization. Includes new markets (Europe), marketing, customer development, and building service teams and product localization.
- 20% (approx. HK\$79 million): Strategic investments and acquisitions, focusing on targets that enhance overseas channels, delivery, and technology platforms.
- 10% (approx. HK\$39.5 million): Working capital and general corporate purposes (admin expenses, staff costs, office, etc.)
- Potential Share Price Sensitivity:
- Discounted Price: The deep discount to market price may pressure the stock in the short term, as new shares are issued below market value.
- Overseas Expansion: Aggressive plans to expand overseas, especially in Europe, could be seen as positive for long-term growth.
- Strategic Acquisitions: No specific targets identified yet, but potential deals could materially affect Deepexi’s future growth and valuation.
- Dilution: While minor, the dilution effect may impact existing shareholders’ interests.
- Lock-up Period: Limits new equity issuance for 45 days, helping stabilize share supply.
- Public Float: Remains compliant (>15%), ensuring liquidity.
- Regulatory Filings: After listing, Deepexi will file required reports with PRC authorities, including the CSRC, and amend the Articles of Association to reflect capital changes.
- Equity Fundraising History: Last major fundraising was the IPO in October 2025, at HK\$26.66 per share, raising HK\$710 million. As of April 2026, RMB441.78 million from IPO proceeds remains unutilized, earmarked for R&D, China sales expansion, overseas growth, acquisitions, and working capital.
Board and Shareholder Information
- Board Composition: Led by Chairman and CEO Mr. Zhao Jiehui, with executive, non-executive, and independent directors.
- Core Connected Persons: Mr. Zhao Jiehui and related entities will retain significant holdings post-placing, but Placees will not become substantial shareholders.
Conclusion
This placing represents a significant capital raise for Deepexi Technology, enabling aggressive overseas growth, strategic investments, and enhanced working capital. The substantial discount to market price, lock-up commitments, and expansion plans are all price-sensitive and may impact Deepexi’s share value in both the short and long term. Investors should monitor completion conditions, potential acquisition targets, and progress in overseas expansion as these could drive future valuation changes.
Disclaimer
The information contained in this article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult professional advisors before making any investment decisions. The completion of the placing is subject to conditions and may not proceed. Past performance is not indicative of future results.
Deepexi 科技有限公司宣佈重大配售新H股，集資4.017億港元
重點摘要
- 配售協議： Deepexi 科技於2026年5月21日與多家配售代理簽訂協議，將以每股 HK\$50.58 配售 7,942,000 新H股。
- 配售價折讓： 配售價較2026年5月20日收市價HK\$63.05折讓 19.78%，較過去五日平均收市價HK\$62.91折讓 19.60%。
- 一般授權發行： 新股於2026年4月29日股東大會獲授權下發行，無須進一步股東批准。
- 集資金額： 全數配售後，預計總集資額 HK\$401.7百萬，扣除費用後淨額 HK\$395.0百萬，每股淨發行價約HK\$49.73。
- 股權結構變動： 配售後股份由 326,632,000 增至 334,574,000，配售對象持股2.37%。
- 鎖定期： Deepexi 承諾配售完成後45日內不再發行新股或類似證券（除配售外）。
股東應注意事項及可能影響股價因素
- 完成條件： 配售需獲聯交所上市批准、相關監管申報及無重大不利情況。若未達成或由協調人豁免，配售可終止。
- 資金用途：
- 70%（約HK\$276.5百萬）： 海外市場拓展及本地化能力建設，包括歐洲新市場、營銷、客戶開發、服務團隊及產品本地化。
- 20%（約HK\$79百萬）： 審慎尋求策略投資及收購，以增強海外渠道、交付及技術平台。
- 10%（約HK\$39.5百萬）： 補充日常營運資金及公司用途（行政、員工、租金等）。
- 短期股價敏感因素：
- 折讓發行： 新股低於市價發行，短期或對股價構成壓力。
- 海外擴張： 歐洲等新市場進取擴展，長遠或利好增長。
- 收購機會： 尚未有具體目標，未來交易或顯著影響增長及估值。
- 股權稀釋： 雖然規模有限，但對現有股東權益有一定影響。
- 鎖定期： 45日內不發新股，利於股份供應穩定。
- 公眾持股： 配售後仍符合法規要求（>15%），確保流通性。
- 監管申報： 配售後將向中國監管部門申報，包括中國證監會（CSRC），並修訂公司章程。
- 集資記錄： 上次重大集資為2025年10月上市，每股HK\$26.66，共集資HK\$710百萬，截至2026年4月仍有RMB441.78百萬未動用，主要用於研發、中國銷售、海外拓展、收購及營運資金。
董事會及股東資料
- 董事組成： 由董事長兼CEO趙傑輝領導，兼有執行、非執行及獨立董事。
- 核心關連人士： 趙傑輝及相關實體配售後仍持有顯著股份，配售對象不會成為主要股東。
總結
是次配售為 Deepexi 科技帶來重大資金，助力海外增長、策略投資及營運資金。大幅折讓、鎖定承諾及擴張計劃均屬股價敏感，或對短中期市值帶來影響。投資者應密切關注配售完成條件、收購動向及海外擴張進展，這些因素均可能推動公司估值變化。
免責聲明
本文僅供參考，並不構成投資建議。投資者應自行研究及諮詢專業顧問再作投資決定。配售完成須達成多項條件，可能不會進行。過去表現不代表未來結果。
