Group 1 - The company, Wanma Holdings (06928), announced a rights issue where shareholders will receive 1 share for every 2 shares held at a subscription price of HKD 0.18 per share, aiming to raise approximately HKD 40.5 million before expenses through the issuance of up to 225 million rights shares [1] - If fully subscribed, the estimated net proceeds from the rights issue, after deducting all necessary expenses, will be approximately HKD 39.5 million [1] - The company plans to allocate the net proceeds as follows: approximately 57.0% for enhancing, expanding, and developing its automotive trading business; about 25.8% for improving its electronic components and interior business; around 7.6% for increased operating costs due to business expansion and as a reserve for market risks; and approximately 9.5% for general working capital, expected to be utilized by March 2026 [1]