Core Viewpoint - 德祥地产 has entered into a subscription agreement with The Reynold Lemkins Group (Asia) Limited, led by entrepreneur Liu Haoran, to issue a total of 100.8 million subscription shares at a price of HKD 0.7 per share, representing a discount of approximately 16.67% from the closing price of HKD 0.84 [1] Group 1 - The subscription shares represent about 11.11% of the total issued shares as of the announcement date [1] - The net proceeds of approximately HKD 68.76 million will be used for strategic transformation and upgrading of the traditional real estate business through integration into the Web3 ecosystem [1] - The funds will also be allocated to strategic projects and resources beneficial for core business development and capital structure optimization, expanding strategic partnerships, and general working capital [1] Group 2 - The company has applied for a temporary suspension of trading on the Hong Kong Stock Exchange starting from 9:00 AM on November 24, 2025, pending the publication of this announcement [1] - Trading is expected to resume on November 25, 2025, at 9:00 AM [1]
德祥地产(00199.HK)拟发行合共1.008亿股认购股份 净筹6876万港元