Core Viewpoint - China New Consumption (stock code: 8275) announced a financing plan through the placement of new shares, raising approximately HKD 14.4 million, with net proceeds of about HKD 14.2 million after expenses [1] Financing Details - The company issued 143,997,475 new shares (approximately 14 million shares) at a placement price of HKD 0.10, representing a discount of about 4.8% compared to the previous trading day's closing price of HKD 0.105 [1] - The placement price reflects a discount of approximately 11.2% compared to the average closing price over the last five trading days [1] - The newly issued shares account for approximately 17.65% of the existing issued share capital and will represent about 15.0% of the enlarged share capital after completion [1] Use of Proceeds - Approximately HKD 7.2 million of the proceeds will be used for the purchase of machinery for leasing and operational purposes [1] - About HKD 7.0 million will be allocated for financial services, including but not limited to lending activities [1] Company Overview - China New Consumption primarily engages in foundation engineering contracting, including bored pile engineering and other foundation works, as well as machinery leasing [1]

Core Insights - A new company, Liu'an Fenghui Machinery Rental Co., Ltd., has been established with a registered capital of 50,000 RMB and is led by Jiang Yong [1] Company Overview - The company operates in various sectors including machinery equipment rental, construction machinery rental, agricultural machinery services, and manufacturing [1] - The business scope includes sales and maintenance of machinery and electrical equipment, metal processing machinery manufacturing, and sales of agricultural machinery [1] - The company is also involved in project management services, engineering cost consulting, and construction engineering design [1] Industry Implications - The establishment of this company indicates growth in the machinery rental and agricultural machinery sectors, reflecting potential opportunities in these markets [1] - The diverse range of services offered suggests a strategic approach to capture multiple segments within the machinery and construction industries [1]

Group 1 - The core point of the article is that China New Consumption Group announced a fundraising through the placement of new shares, raising approximately HKD 10.56 million, with net proceeds of about HKD 10.26 million after expenses [1] - The company issued 96,000,689 shares at a price of HKD 0.11 per share, which represents a discount of approximately 14.7% compared to the previous trading day's closing price of HKD 0.129 [1] - The newly issued shares account for about 13.3% of the existing issued share capital and will represent approximately 11.8% of the enlarged share capital upon completion [1] Group 2 - The funds raised will be allocated as follows: approximately HKD 5.26 million for the acquisition and investment in "Tea Da Ye" stores and the operation of the group's tea beverage business, and about HKD 5 million for general working capital [1] - The fundraising is conducted under the general authorization granted by the shareholders' meeting and is expected to be completed at 4 PM on the completion date, subject to the fulfillment of all conditions outlined in the placement agreement [1]