Group 1 - The company, Crown Global Group (00727), proposed a rights issue of up to approximately 954 million shares at a ratio of "1 for 3" at a price of HKD 0.65 per share, representing a discount of about 19.75% compared to the last closing price of HKD 0.81 [1] - If fully subscribed, the rights issue is expected to raise approximately HKD 618 million, which will be used entirely for the development of a land parcel [1] - The land is located in Qianhai New District, Shenzhen, China, covering an area of approximately 8,720 square meters, and was acquired by the company for RMB 85 million on August 20, 2025 [1] Group 2 - The company plans to develop the land into two residential towers with a total construction area of approximately 71,000 square meters [1] - The total estimated development cost for the project is around RMB 1.6 billion, with the company negotiating to pay no more than RMB 600 million as the initial construction cost, with the remaining balance to be paid after property sales [1]
皇冠环球集团拟折让约19.75%按“1供3”基准发行供股 最多净筹约6.18亿港元