Group 1 - The company proposes a rights issue at a subscription price of HKD 0.188 per share, offering 6 rights shares for every 1 share held as of the record date, aiming to raise up to approximately HKD 106 million before expenses through the issuance of up to 564 million rights shares [1] - The rights issue will be conducted on a non-underwritten basis and will only be presented to qualifying shareholders, with any unsubscribed shares being placed with independent subscribers [1] - If fully subscribed, the rights shares will represent 600% of the existing shares and approximately 85.71% of the enlarged share capital post-issue [1] Group 2 - The subscription price represents a discount of about 20.0% compared to the last closing price of HKD 0.235 per share [2] - If fully subscribed, the estimated gross proceeds from the rights issue will be approximately HKD 106 million, with a net amount of about HKD 101 million after expenses [2] - The net proceeds are intended to be used as follows: approximately 96.0% (about HKD 97.4 million) for repaying convertible bonds, bank loans, and other payables; about 1.80% (approximately HKD 1.8 million) for acquiring property development projects in China; and about 2.20% (approximately HKD 2.2 million) for general working capital [2]
新明中国拟按“1供6”基准进行供股 净筹约1.01亿港元