Group 1 - The company, Crown Global Group (00727), announced a proposed rights issue of up to approximately 954 million shares at a basis of "1 for 3" [1] - The subscription price for each rights share is HKD 0.65, representing a discount of about 19.75% compared to the last closing price of HKD 0.81 [1] - If fully subscribed, the net proceeds from the rights issue are expected to be approximately HKD 618 million, which will be used entirely for the development of land [1] Group 2 - The land in question is located in Qianhai New District, Shenzhen, Guangdong Province, with a total area of approximately 8,720 square meters [1] - The land was acquired by the company from an independent third party for RMB 85 million, with the acquisition date set for August 20, 2025 [1] - The company plans to develop the land into two residential buildings, comprising a total construction area of approximately 71,000 square meters [1] Group 3 - The total estimated development cost for the project is approximately RMB 1.6 billion [1] - The company has negotiated with a construction company to pay an initial construction cost of no more than RMB 600 million, with the remaining balance to be paid after the property sales [1]
皇冠环球集团(00727)拟折让约19.75%按“1供3”基准发行供股 最多净筹约6.18亿港元