IDREAMSKY(HK:01119) Xin Lang Cai Jing·2025-09-30 01:16Core Viewpoint - The company, Chuangmeng Tiandi (01119.HK), has entered into a capitalization agreement and subscription agreements to issue approximately 166 million shares at a subscription price of HKD 1.098 per share, which represents a premium of about 4.57% over the closing price of HKD 1.050 [1][2]. Group 1 - The total amount raised from the issuance of approximately 166 million shares under the capitalization agreement is approximately HKD 183 million [3]. - The shares issued under the capitalization and subscription agreements represent about 13.09% of the company's existing issued share capital as of the announcement date, and about 11.57% of the enlarged issued share capital post-transaction [2]. - The proceeds from the subscription agreement, estimated at approximately HKD 76.61 million, will be used for game product operational promotion and general working capital [3]. Group 2 - The capitalization agreement will not generate any cash proceeds, as all proceeds will be used to offset a total of USD 23.49 million (approximately HKD 183 million) in royalties owed by Shenzhen Chuangmeng to the capitalization agreement subscriber [3]. - The capitalization agreement subscriber, PLR Worldwide Sales Limited, is a limited liability company established in the Republic of Ireland, primarily engaged in mobile game development and multi-platform marketing [2].