Core Viewpoint - 德祥地产 has entered into a subscription agreement with The Reynold Lemkins Group (Asia) Limited to issue a total of 100.8 million subscription shares at HKD 0.7 per share, representing a discount of approximately 16.67% compared to the last closing price of HKD 0.84 [1] Financial Summary - The net proceeds from the subscription are approximately HKD 68.76 million, which will be used for strategic transformation and upgrading of the company's traditional real estate business through integration into the Web3 ecosystem [1] - The funds will also support strategic projects and resources that benefit core business development and capital structure optimization, expand strategic partnerships, and enhance regional market coverage, as well as general working capital [1] Market Activity - The company has applied to the Stock Exchange for the resumption of trading of its shares starting from 9:00 AM on November 25, 2025 [1] Ownership Information - The ultimate beneficial owner of the subscriber is entrepreneur Liu Haoran [1]
德祥地产(00199)拟折让约16.67%发行1.008亿股认购股份 净筹约6876万港元 11月25日复牌