Sagalio Energy (ASX:SAN) Announces Share Placement to Support Future Activities

Sonal Goyal

30 September 2026 06:07 PM AEST

Sagalio Energy (ASX:SAN) Announces Share Placement to Support Future Activities

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Sagalio Energy Limited (ASX:SAN), an ASX-listed energy company headquartered in Hong Kong, announced a Capital raising through the Placement of shares in an ASX announcement dated 23 September 2026. The company entered into a binding share Subscription Agreement with two investors for the proposed issue of 30,699,000 fully paid ordinary shares under ASX Listing Rule 7.1 at an issue price of A$0.0072 per share. Gross proceeds are expected to be approximately A$221,032.80 before costs.

About Sagalio Energy

Sagalio Energy Limited (ASX:SAN) is an ASX-listed energy company with its registered office at Level 11, Lee Garden, 33 Hysan Avenue, Causeway Bay, Hong Kong. The company is led by Executive Director and Chairman Cao Yuqi. Sagalio Energy is listed on the Australian Securities Exchange and focuses on energy sector activities.

Placement Details — Released 23 September 2026

On 23 September 2026, Sagalio Energy entered into a binding share subscription agreement with two investors: Chai Wenyao, who subscribed for 14,548,600 shares for total consideration of A$104,749.92, and Yuan Linfeng, who subscribed for 16,150,400 shares for total consideration of A$116,282.88. Combined, the two subscribers are acquiring 30,699,000 shares for total gross proceeds of A$221,032.80 before costs.

The placement shares are to be issued at A$0.0072 per share under ASX Listing Rule 7.1 and are expected to be issued no later than 29 September 2026, subject to receipt of cleared subscription funds. Upon completion, the placement shares will rank equally in all respects with the company's existing ordinary shares, and an application will be made to the ASX for Quotation of the new shares.

The proceeds are to be utilised for general Working Capital and repayment of existing indebtedness. A further announcement was to be made upon completion of the placement.

Industry Context

Small ASX-listed companies with limited Market Capitalisation often conduct modest placements to a small number of investors under ASX Listing Rule 7.1, which allows issuance of up to 15% of ordinary shares on issue without Shareholder approval. Placements of this size are typically used for immediate working capital needs or to service near-term liabilities, as is the case for Sagalio Energy. The Hong Kong headquartered structure and company profile reflect a category of smaller ASX-listed entities with international connections.

Risks and Uncertainties

Sagalio Energy's placement at A$0.0072 per share indicates a very small market capitalisation, and the gross proceeds of A$221,032 are modest, suggesting limited financial resources. The company's reliance on the placement to fund working capital and repay existing indebtedness points to near-term Liquidity constraints. The placement is subject to receipt of cleared subscription funds. The company's operational profile and Revenue sources are not detailed in the announcement, making it difficult to assess longer-term financial sustainability without reference to the company's full financial disclosures.

FAQs

Q: How much did Sagalio Energy raise in the September 2026 placement?

A: Gross proceeds were approximately A$221,032.80 before costs, through the issue of 30,699,000 shares at A$0.0072 per share.

Q: Who subscribed for shares in the (ASX:SAN) Sagalio Energy placement?

A: Two investors — Chai Wenyao (14,548,600 shares) and Yuan Linfeng (16,150,400 shares) — subscribed for all shares in the placement.

Q: What will the placement proceeds be used for?

A: The proceeds will be utilised for general working capital and repayment of existing indebtedness.

Q: Under which ASX Listing Rule was the placement conducted?

A: The placement was conducted under ASX Listing Rule 7.1.

Q: Where is Sagalio Energy headquartered?

A: Sagalio Energy Limited is headquartered at Level 11, Lee Garden, 33 Hysan Avenue, Causeway Bay, Hong Kong.

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