NOBLE ENG GP (08445) has announced a proposed share placement aimed at raising approximately HK$9.69 million in net proceeds, according to a company filing dated September 9, 2026.

The company intends to place up to 55.276 million new shares, representing around 20.00% of its existing issued share capital and approximately 16.67% of its enlarged issued share capital following the completion of the placement. The placement price has been set at HK$0.180 per share, reflecting a substantial discount of about 83.72% to the closing price of HK$0.215 per share on the same day.

Assuming full subscription of the placement shares, the maximum gross proceeds and net proceeds from the placement are estimated to reach approximately HK$9.95 million and HK$9.69 million, respectively. The company has stated that it intends to utilize the net proceeds from the placement to fund upfront costs for new plastering subcontract projects and to support the group's general working capital requirements.