Impro Announces Placing of up to 60,000,000 Existing Shares and Top-up Subscription of New Shares, Net Proceeds of Approximately HK$539 million to Support Capacity Expansion and Future Development
(Hong Kong, 27 May 2026) ― Impro Precision Industries Limited (the “Company”, together with its subsidiaries, the “Group” or “Impro”) (Stock Code: 1286), a world-leading manufacturer of high-precision, high-complexity and mission-critical components, today announced that it has entered into a placing of up to 60,000,000 existing Shares and a top-up subscription of the same number of new Shares with its controlling shareholder and the placing agents.
Under the placing and subscription arrangement, the controlling shareholder will place up to 60,000,000 existing Shares at HK$9.10 per Share and subscribe for an equal number of new Shares at the same price. The placing Shares represent approximately 3.18% of the Company’s issued share capital and approximately 3.08% of the enlarged issued share capital upon completion of the subscription.
The net proceeds from the subscription, after deducting relevant expenses, are expected to be approximately HK$539 million.
Use of Proceeds
The Company presently intends to use the net proceeds for:
- Capacity Expansion of AIDC related end-markets products
Approximately HK$350 million (or approximately 64.94%) will be allocated to capital expenditures for the Group’s plants in Mexico and China, in order to meet the rapidly increasing demand, particularly in end-markets related to artificial intelligence data centers.
- Future Development and Technology Upgrade of Aerospace Sector
Approximately HK$100 million (or approximately 18.55%) will be used to expand future production capacity and process categories, while making forward-looking preparations for the long-term sustainable development of the aerospace sector.
- Repayment of Bank Borrowings and Boost Working Capital
The remaining approximately HK$89 million (or approximately 16.51%) will be applied towards repaying bank borrowings, strengthening general working capital and supporting other general corporate purposes.
Enhancing Shareholder Base and Trading Liquidity
The Board considers that the Placing and Subscription represents an opportunity to raise capital for the Company while broadening its shareholder base and capital base. The Placing is expected to increase the trading liquidity of the Shares and broaden the shareholder base of the Company.