Global law firm DLA Piper has advised LC Logistics on its placing of new shares under a general mandate, raising gross proceeds of approximately HKD139.11 million.
The transaction involved the placing of 42,153,600 new shares at a price of HKD3.30 per share to no fewer than six independent investors. The placing shares represent approximately 7.36% of LC Logistics’ existing issued share capital and approximately 6.86% of its enlarged issued share capital following completion of the placing.
Net proceeds from the placing are estimated at approximately HKD137.54 million, after deducting commissions and other transaction-related expenses.
The placing agreement was entered into on 11 June 2026, with the placing agents procuring independent third-party investors for the transaction.
LC Logistics is a Hong Kong-listed logistics company focused on providing integrated logistics and supply chain solutions. It intends to use the net proceeds from the placing to strengthen its capital base and support its ongoing business development and expansion initiatives, while enhancing overall financial flexibility and positioning the Group to capture future growth opportunities.
The DLA Piper team was led by Sherlyn Lau, Head of Capital Markets and Corporate Finance, APAC, with support from senior associate Alex Chau and senior legal officer Claudia Lau.
Sherlyn commented: “The transaction reflects strong investor demand for quality issuers in the logistics sector and demonstrates the depth of liquidity available in Hong Kong’s equity capital markets.”
DLA Piper continues to advise leading financial institutions and corporates on complex capital markets transactions across Asia, highlighting the firm’s regional platform and integrated expertise, including the recent HKD537 million Ximei Resources share placing, led by George Wu and Sherlyn Lau.
