Core Viewpoint - Pacific Legend Group announced a fundraising through the placement of new shares, raising approximately HKD 17.1 million, with net proceeds of about HKD 16.9 million after expenses [1] Group 1: Fundraising Details - The company issued 82,107,900 shares at a placement price of HKD 0.208, representing a discount of approximately 15.45% compared to the previous trading day's closing price of HKD 0.246 [1] - The placement price also reflects a discount of about 19.00% compared to the average closing price of HKD 0.2568 over the last five trading days [1] - The newly issued shares account for 20% of the existing issued share capital and will represent approximately 16.67% of the enlarged share capital upon completion [1] Group 2: Use of Proceeds - The net proceeds of approximately HKD 16.9 million will be utilized for general operating funds, including payment of salaries, rent, trade-related expenses, and other operational and administrative costs [1] - The funds will also be used to repay accrued rent in Hong Kong, bank loans in Dubai, and other borrowings [1] Group 3: Company Overview - Pacific Legend Group is primarily engaged in the sale and rental of furniture and home accessories, as well as project and hotel services, typically involving interior design, soft decoration design, and decoration and layout for commercial or residential properties [1]