Core Viewpoint - Hong Kong-listed company Huanshi Media (01003.HK) announced a placement of approximately 548 million shares to Chen Rong, which will make him the largest single shareholder with a stake of about 13.04% after the placement [2][3]. Group 1: Share Placement Details - The placement price is set at HKD 0.3 per share, representing a discount of 22.08% compared to the closing price of HKD 0.385 on November 11 [2]. - Following the subscription, Chen Rong will hold approximately 13.04% of the enlarged share capital [3]. - The total amount raised from the placement is expected to be around HKD 164.54 million [6]. Group 2: Warrants Issuance - The company will also issue warrants to Chen Rong at an exercise price of HKD 0.01 per warrant, which could lead to the issuance of up to approximately 1.889 billion warrants if fully exercised [5]. - If all warrants are exercised, Chen Rong's shareholding could increase to 40% [5]. - The total proceeds from the warrant exercise are estimated to be around HKD 18.89 million [6]. Group 3: Use of Proceeds - The net proceeds from both the share placement and the warrants are expected to total approximately HKD 182.8 million [6]. - About HKD 100 million will be invested in enhancing the company's capabilities in advanced technology [6]. - Approximately HKD 50 million will be allocated to film and television copyright business, while HKD 32.8 million will be used for general working capital [6].
欢喜传媒配股及发认购证融资逾1.8亿，陈荣将成为单一最大股东