Group 1 - The core point of the article is that Wanma Holdings (06928) experienced a significant drop in stock price, falling over 30% to 0.335 HKD, with a trading volume of 1.3203 million HKD [1] - Wanma Holdings announced a proposed rights issue to raise up to 225 million shares at a subscription price of 0.18 HKD, representing a discount of 62.11% compared to the closing price on August 4 [1] - The total amount to be raised is 40.5 million HKD, with a net amount of 39.5 million HKD expected [1] Group 2 - The net proceeds from the rights issue will be allocated as follows: approximately 57.0% for enhancing, expanding, and developing the automotive trading business; about 25.8% for improving electronic components and interior business; around 7.6% for increased operational costs due to business expansion and reserved for market risk; and approximately 9.5% for general working capital [1] - The expected utilization of the funds is projected to occur before March 2026 [1]

Group 1 - Wanma Holdings (06928) experienced a significant decline, dropping over 30%, with a current price of 0.335 HKD and a trading volume of 1.3203 million HKD [1] - The company announced a proposed rights issue to issue up to 225 million shares at a subscription price of 0.18 HKD, representing a discount of 62.11% compared to the closing price on August 4 [1] - The total amount to be raised is 40.5 million HKD, with a net amount of 39.5 million HKD expected [1] Group 2 - Approximately 57.0% of the net proceeds will be used to enhance, expand, and develop the automotive trading business [1] - About 25.8% of the funds will be allocated to improve the electronic components and interior business [1] - Around 7.6% will cover increased operating costs due to business expansion and serve as a reserve for market risk, while approximately 9.5% will be used for general working capital, expected to be utilized by March 2026 [1]

Core Viewpoint - Wanma Holdings' board has proposed a rights issue, offering 1 new share for every 2 shares held at a subscription price of HKD 0.18 per share, aiming to raise approximately HKD 40.5 million [1] Summary by Categories Rights Issue Details - The company plans to issue up to 225 million rights shares [1] - If fully subscribed and after deducting expenses, the estimated net proceeds will be approximately HKD 39.5 million [1] Allocation of Proceeds - Approximately 57.0% of the net proceeds will be used for enhancing and developing the automotive trading business [1] - About 25.8% will be allocated to improving the electronic components and interior business [1] - Approximately 7.6% will be used for operational costs related to business expansion and as a market risk reserve [1] - The remaining 9.5% will be utilized for general working capital of the group [1]