Easy International Holdings (08659) plans to discount about 18.9% by issuing 165 million subscription shares to raise about HK$11.96 million

According to the Zhitong Finance App, Easy International Holdings (08659) announced that on October 30, 2026, the company plans to issue subscription shares to subscribers under a general mandate, totaling 165 million subscribed shares. The subscription price is HK$0.073 per subscription share. The total number of subscribed shares is equivalent to approximately 16.7% of the company's issued share capital after being expanded through allotment and issuance of subscribed shares. The subscription price of HK$0.073 per subscription share is approximately 18.9% off of the closing price of HK$0.090 per share reported on the Stock Exchange on the date of the subscription agreement.

The total and net proceeds from the subscription will be approximately HK$12.2 million and approximately HK$11.96 million respectively. The company plans to use approximately HK$8.76 million of the net proceeds from the subscription for R&D expenses and the construction of its own plant for disposable plastic products, which is expected to be fully used by the end of December 2027; and approximately HK$3.2 million for general corporate and working capital purposes, which is expected to be fully utilized by the end of December 2027.