Core Viewpoint - Tianchen Holdings (01201) announced a conditional subscription agreement to issue a total of 50 million shares at a subscription price of HKD 0.5 per share, representing a discount of approximately 35.90% from the closing price of HKD 0.78 on November 27, 2025 [1] Financial Summary - The total amount raised from the subscription is HKD 25 million, with net proceeds expected to be approximately HKD 24.65 million after deducting all related expenses, equating to a net price of about HKD 0.49 per share [1] - The subscribed shares account for approximately 15.64% of the existing issued share capital and about 13.53% of the enlarged issued share capital post-issuance [1] Business Expansion Plans - The company plans to utilize the net proceeds entirely to explore new opportunities, specifically to establish and operate charging stations in Hong Kong, with an initial investment of around HKD 20 million [1] - The operational launch of the charging stations is expected to commence in December 2025, and the business model is anticipated to be similar to the concept disclosed in the company's circular dated September 26, 2025 [1] - This new venture is considered complementary to the company's existing lithium-ion battery business, with the management team possessing adequate knowledge of the business environment and industry practices [1]
天臣控股(01201)拟折让约35.90%发行5000万股认购股份 净筹约2465万港元