Prime Highlight

1. Sanli Environmental Limited will raise $10 million through a share placement to strengthen capital and support upcoming projects.
2. The company says the fresh funds will enhance financial flexibility and help advance its long-term growth strategy.

Key Facts

1. Over 38 million new shares will be issued at $0.260 each—a 9.34% discount, representing 12.75% of current share capital.
2. Net proceeds of $9.59 million will support working capital for EPC projects and may also be used for debt reduction, increasing NTA from $32.7 million to $42.3 million.

Background

Sanli Environmental Limited has announced a $10 million share placement to strengthen its capital and fund future projects. The company signed a placement agreement with SAC Capital Private Limited to issue more than 38 million new ordinary shares at $0.260 each. This offer price represents a 9.34% discount compared to the volume-weighted average price of $0.2868 recorded on 21 November 2025.

The placement shares will make up 12.75% of the company’s current issued share capital of 301.9 million shares. Once the new shares are issued, they will represent 11.31% of the enlarged capital of approximately 340.4 million shares. All new shares will rank equally with existing shares in the company, except for any earlier declared dividends.

Sanli confirmed that none of its directors, substantial shareholders, or interested persons will take part in the subscription.

After deducting an estimated $0.42 million in related costs, the company expects to receive net proceeds of $9.59 million. The company will mainly use the funds for daily working needs, including running its ongoing engineering, procurement, and construction (EPC) projects. The company may also use a portion of the funds to reduce existing debt.

Sanli’s pro forma financial figures show that its net tangible assets (NTA) are expected to rise from $32.7 million to $42.3 million following the share placement. As a result, NTA per share is forecast to increase from 10.84 cents to 12.43 cents.

The company stated that the placement will help support its long-term growth strategy and improve financial flexibility.

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