LC Logistics, Inc. Launches HK\$137.54 Million Share Placing to Fund Strategic Acquisitions and Growth

Key Highlights

• Placing of 42,153,600 new shares at HK\$3.3 per share under general mandate, representing approximately 7.36% of existing issued shares (excluding treasury shares).
• Gross proceeds: HK\$139.11 million. Net proceeds: approximately HK\$137.54 million after costs and commission.
• Placing price represents a 17.09% discount to the last closing price (HK\$3.98) and a 16.46% discount to the 5-day average (HK\$3.95).
• No shareholder approval required; the shares are issued under the existing general mandate.
• Funds use: ~HK\$123.79 million for strategic acquisitions (no targets confirmed yet), ~HK\$13.75 million for general working capital.
• Lock-up: Company restricted from issuing further equity securities for 30 days after closing (with standard exceptions).
• Expected closing: On or before 22 June 2026, subject to conditions being met.
• Shareholding impact: Placees, all independent third parties, will hold 6.86% post-placing. Major existing shareholders’ percentage stakes will be diluted, though not their absolute holdings.

Details of the Placing

LC Logistics, Inc. (Stock Code: 2490) announced a significant placement of new shares after trading hours on 11 June 2026. The Company has entered into a Placing Agreement with CCB International Capital Limited, Somerley Capital Limited, Skyvast Securities Limited, and Lego Securities Limited as Joint Placing Agents.

These agents have conditionally agreed to place no fewer than six institutional or professional third-party investors (“Placees”) to subscribe for 42,153,600 new shares at HK\$3.3 per share. This represents 7.36% of the Company’s current issued shares and will dilute existing shareholders to 6.86% post-placing, assuming no other changes in share capital.

The gross proceeds from this placing are expected to be about HK\$139.11 million, with net proceeds (after all expenses) of approximately HK\$137.54 million. The net issue price per share will be HK\$3.26.

Key Terms and Conditions

• The placing price is at a notable discount to both the last closing price and the 5-day average, which may impact short-term share price performance.
• No shareholder approval is required as the shares are being issued under the general mandate granted at the 2025 AGM. The company had not previously utilized this mandate.
• The shares will rank pari passu with existing shares, with rights including future dividends.
• The closing of the placing is subject to multiple conditions, including Stock Exchange approval, satisfactory legal opinions, and no material adverse changes before closing. Closing is expected on or before 22 June 2026.
• There is a 30-day lock-up period post-closing during which the Company cannot issue additional equity securities, with some exceptions for employee incentive plans.

Use of Proceeds and Strategic Impact

The Company plans to use approximately HK\$123.79 million (about 90% of net proceeds) for potential strategic acquisitions, focusing on targets with regional resources or niche market advantages. However, it is important to note that no specific acquisition targets have been identified or negotiated as of the announcement date. The remaining HK\$13.75 million will be used for general working capital, primarily for staff costs, rental, administrative expenses, and supplier payments.

The Company will make further disclosures if and when acquisition targets are identified and negotiations commence.

Potential Shareholder and Market Impact

• The placing is likely to dilute existing shareholders’ percentage holdings, though the absolute number of shares held remains unchanged for non-participating shareholders.
• The discounted placing price may exert downward pressure on the share price in the short term, but the strengthened cash position and potential for strategic acquisitions could improve medium- to long-term value if accretive deals are found.
• The introduction of new institutional investors as placees may broaden the shareholder base and enhance market liquidity.
• The Company has not raised funds via equity placement in the past 12 months, making this a notable capital markets activity for LC Logistics.
• Any failure to close the placing due to unsatisfied conditions could negatively affect investor sentiment.

Shareholding Structure – Before and After Placing

Conclusion

The placing represents a major capital-raising for LC Logistics and provides the company with significant flexibility to pursue strategic growth initiatives. While the discount to market price and short-term dilution may affect the share price in the near term, successful deployment of proceeds into accretive acquisitions and business expansion could drive longer-term value for shareholders. Investors should monitor further disclosures regarding use of proceeds and acquisition targets.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or an offer to buy or sell any securities. Investors should make their own decisions and consult professional advisers before making investment decisions. The information is based on the official company announcement as of 12 June 2026 and may be subject to change.

樂艙物流股份有限公司配售新股，集資約1.3754億港元用於策略收購及營運

重點摘要

• 配售42,153,600股新股，每股作價3.3港元，佔現有已發行股本約7.36%（不包括庫存股）。
• 集資總額：1.3911億港元。淨集資額：約1.3754億港元（扣除開支及佣金）。
• 配售價較最新收市價（3.98港元）折讓17.09%，較過去五日均價（3.95港元）折讓16.46%。
• 毋須股東批准，新股根據現有一般授權發行。
• 資金用途：約1.2379億港元用於策略收購（暫未有明確對象），約1,375萬港元用於一般營運資金。
• 禁售期：公司於配售完成後30日內不得再發行股本證券（員工獎勵計劃除外）。
• 預計完成：於2026年6月22日或之前（視乎條件達成）。
• 配售後股權：新投資者（獨立第三方）將佔6.86%，原有大股東持股比率被稀釋但絕對持股數量不變。

配售詳情

樂艙物流（股份代號：2490）於2026年6月11日收市後宣布，與建銀國際資本、尚乘資本、天豐證券及樂高證券等聯席配售代理簽訂配售協議。

聯席配售代理將以盡力基礎，向不少於六名專業或機構投資者（均為獨立第三方）配售42,153,600股新股，每股作價3.3港元，佔現有已發行股本7.36%，配售後稀釋至6.86%。

預期配售集資總額為1.3911億港元，扣除相關費用後淨集資額約為1.3754億港元，每股淨集資價3.26港元。

主要條款及條件

• 配售價較現價有顯著折讓，短期可能影響股價表現。
• 毋須股東會批准，屬2025年股東大會通過之一般授權範圍，公司此前未動用此授權。
• 新股與現有股份同權（包括分紅權）。
• 配售須獲聯交所批准、法律意見無誤、無重大不利變化等條件方可完成，預計於6月22日或之前完成。
• 公司於配售完成後30日內不得另行發行股本證券，員工激勵計劃除外。

資金用途及策略意義

公司計劃將約九成資金（1.2379億港元）用於潛在策略性收購，聚焦區域資源或利基市場優勢的標的。但截至公告時尚未有具體目標、協議或初步條款。約1,375萬港元用作一般營運資金，主要涵蓋員工薪酬、租金、行政開支及供應商付款。

一旦物色到合適收購目標並展開實質談判，公司將另行公告。

對股東及市場的潛在影響

• 配售將攤薄現有股東持股比例，但持股數量不變。
• 折讓配售短期內或對股價有壓力，但如資金能成功用於收購具增值潛力的標的，中長線有望提升集團價值。
• 新機構投資者加入，有助擴大股東基礎及提升流動性。
• 公司過去12個月並無其他集資活動，今次配售屬重要資本動作。
• 若配售因條件未達成而告吹，或影響市場情緒。

配售前後主要股東結構

總結

今次配售為樂艙物流提供策略發展彈性及充裕現金，雖短期有攤薄及折讓壓力，但若能落實收購優質資產，長遠有望增值。投資者宜密切關注公司後續資金動用及收購進展。

免責聲明：本文僅供參考，不構成任何投資建議或邀約，投資需自行判斷並諮詢專業人士。資訊截至2026年6月12日，或有變更。

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