Sanli Environmental launches $10m share placement to boost capital

This will fund projects and strengthen balance sheet.

Sanli Environmental Limited has signed a placement agreement with SAC Capital Private Limited to issue over 38 million new ordinary shares at $0.260 each, according to a press release. The price represents a 9.34% discount to the volume weighted average of $0.2868 recorded on 21 November 2025.

The placement shares account for 12.75% of the current issued capital of 301.9 million shares and 11.31% of the enlarged capital of 340.4 million shares. They will rank side by side with existing shares but exclude dividends declared before allotment.

No directors, substantial shareholders, or interested persons will subscribe.

Net proceeds are estimated at $9.59m after fees of $0.42m. The company plans to use the funds for working capital, including ongoing engineering, procurement and construction projects, and may allocate part to debt reduction.

Pro forma figures show net tangible assets rising to $42.3m from $32.7m, with NTA per share increasing to 12.43 cents from 10.84 cents. Earnings per share would decline to 0.33 cents from 0.51 cents due to the enlarged share base.

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