Core Viewpoint - Base Jinbiao Group (stock code: 8460) announced a new share placement to raise approximately HKD 190 million, with net proceeds expected to be around HKD 180 million after expenses [1] Group 1: Financing Details - The company will place 44,268,000 new shares, approximately 0.4 million shares, at a price of HKD 0.437 per share, representing a discount of about 19.1% compared to the previous trading day's closing price of HKD 0.54 [1] - The placement price also reflects a discount of approximately 17.9% compared to the average closing price of HKD 0.532 over the last five trading days [1] - The new shares represent about 20.0% of the existing issued share capital and will account for approximately 16.7% of the enlarged share capital upon completion [1] Group 2: Use of Proceeds - The funds raised, approximately HKD 180 million, will be allocated for working capital and future investments [1] Group 3: Company Operations - Base Jinbiao Group primarily engages in foundation and related engineering in Hong Kong and is involved in the trade of alcoholic beverages in China [1] - The issuance is conducted under a general mandate granted by the shareholders' meeting and is expected to be completed by January 9, 2026 [1]

Core Points - Base Jinbiao Group (stock code: 8460) announced a financing through the subscription of new shares, issuing 44,268,000 shares to raise approximately HKD 0.6 billion [1] - The subscription price of HKD 0.14 represents a discount of about 69.9% compared to the previous trading day's closing price of HKD 0.465, and a discount of about 59.2% compared to the average closing price over the last five trading days [1] - The newly issued shares will account for approximately 20.0% of the existing issued share capital and approximately 16.66% of the enlarged share capital after completion [1] - The funds raised will be used for the company's working capital, repayment of loans, and payables [1] - The issuance is conducted under the general authorization granted by the shareholders' meeting [1]