Maiyue Technology Limited (Maiyue Tech) filed its resubmitted Monthly Return for Equity Issuer to the Hong Kong Stock Exchange for the period ended 30 September 2026, detailing a significant expansion of its share capital through a fresh equity placement.
Key Developments
1. New Share Placement • On 7 September 2026, Maiyue Tech issued 58.84 million new ordinary shares at HK$1.06 each, following shareholder approval obtained on 4 June 2026. • The transaction increased the company’s issued share count by 11.8% to 558.84 million shares (from 500.00 million at August-end). • The placement implies gross proceeds of approximately HK$62.37 million.
2. Share Capital Structure • Authorised share capital remained unchanged at 1.00 billion ordinary shares with a par value of HK$0.01, representing HK$10.00 million in authorised capital. • Maiyue Tech holds no treasury shares; all 558.84 million issued shares are outstanding, ensuring a clean capital structure.
3. Public Float Compliance • The company confirmed compliance with the Main Board’s 25% minimum public-float requirement as at 30 September 2026.
4. Equity Incentive Schemes and Other Instruments • The Share Option Scheme adopted on 18 September 2023 recorded no outstanding options and no exercises during the month. The scheme still allows for the future grant of up to 50 million shares. • The issuer reported no warrants, convertible securities, or other share-based arrangements outstanding or exercised in September.
Financial Position Implications
The September placement strengthens Maiyue Tech’s capital base without adding leverage, potentially enhancing funding flexibility for future corporate initiatives. The absence of treasury shares or outstanding convertible instruments leaves the share capital structure straightforward, while the maintained public float supports continued compliance with Hong Kong listing requirements.
The resubmitted monthly return confirms that all regulatory approvals were secured, proceeds have been received, and the newly issued shares rank pari passu with existing ordinary shares.