德祥地产(00199)拟发行合共1150万股GM认购股份和1.3亿股RL认购股份 1月21日复牌

Group 1 - The company has entered into a subscription agreement with GM for the issuance of 11.5 million GM subscription shares at a price of HKD 1.14 per share, representing approximately 1.14% of the total issued shares as of the announcement date [1] - The subscription price of HKD 1.14 per GM share reflects a discount of about 19.72% compared to the last closing price of HKD 1.42 and a discount of approximately 14.80% compared to the average closing price over the five trading days prior to the last trading day [1] - The GM subscription shares will be subject to a lock-up period until December 21, 2026 [1] Group 2 - The company has also entered into a subscription agreement with RL for the issuance of 130 million RL subscription shares at the same price of HKD 1.14 per share, which represents about 12.90% of the total issued shares as of the announcement date [2][3] - The total gross proceeds from the issuance of RL subscription shares will be HKD 148.2 million, with a net amount of approximately HKD 147.2 million intended for asset-oriented investments, project cultivation plans, Web3-related applications, and general working capital [3] - The RL subscription shares will also be subject to a lock-up period until December 21, 2026 [2][3] Group 3 - The company has entered into a warrant subscription agreement with RL, agreeing to issue warrants with a total value of HKD 306.7 million, which can be exercised within one year from the date of issuance at an initial exercise price of HKD 1.704 per share [3][4] - The gross proceeds from the issuance of warrants are expected to be HKD 18 million, with a net amount of approximately HKD 16 million, which will also be used for asset-oriented investments, project cultivation plans, Web3-related applications, and general working capital [4] - The warrants, when fully exercised, will result in the issuance of 180 million shares, representing about 17.86% of the total issued shares as of the announcement date [4] Group 4 - The company has applied to the Stock Exchange for the resumption of trading of its shares starting from 9:00 AM on January 21, 2026 [5]