Group 1 - The company, PACIFIC LEGEND (08547), announced a rights issue offering 1 share for every 2 shares held at a subscription price of HKD 0.10 per share, aiming to raise approximately HKD 29.6 million through the issuance of up to 296 million shares to eligible shareholders only [1] - The subscription price represents a premium of approximately 25.00% over the closing price of HKD 0.0800 on the announcement date [1] Group 2 - If fully subscribed, the estimated net proceeds from the rights issue, after deducting all necessary expenses, are expected to be around HKD 28.1 million [2] - The company plans to allocate approximately 34% of the net proceeds to repay a loan related to an unsecured bond of RMB 10 million due on March 27, 2026, which is expected to be refinanced or extended before the completion of the rights issue [2] - Approximately 18% of the net proceeds will be used to cover rental expenses, another 18% for a Dubai project providing furniture for employee accommodation, about 7% for opening a new retail store in Hong Kong, and the remaining approximately 23% for general operating funds, including salaries and supplier payments [2]
PACIFIC LEGEND拟按“2供1”基准进行供股 净筹约2810万港元