Group 1 - The company PACIFIC LEGEND (08547) announced a rights issue, proposing to issue 1 new share for every 2 shares held at a subscription price of HKD 0.10 per share, aiming to raise approximately HKD 29.6 million by issuing up to 296 million rights shares to eligible shareholders only [1] - The subscription price represents a premium of approximately 25.00% over the closing price of HKD 0.0800 per share on the date of the announcement [1] Group 2 - If fully subscribed, the estimated net proceeds from the rights issue, after deducting all necessary expenses, are expected to be approximately 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 for rental expenses, including accrued rental expenses [2] - Approximately 18% will be allocated to a project in Dubai, which involves providing furniture for employee accommodation in the UAE for at least three years [2] - About 7% of the proceeds will be used to open a new retail store in Hong Kong, with the remaining approximately 23% designated for general operating funds, including salaries, payments to suppliers, and other operational and administrative expenses [2]
PACIFIC LEGEND(08547)拟按“2供1”基准进行供股 净筹约2810万港元