Zhuoyue Holdings (00653.HK) proposes to issue a total of 86 million shares at a 19.54% discount to Gao Jianxing, raising HK$6.02 million.

NightAirdropper · 2026-03-20T09:20:04+00:00

Cheerland Holdings announced that it has reached an agreement with subscriber Ko Kin-hang to subscribe for 86 million shares at HK$0.070 per share, for a total amount of approximately HK$6.02 million, representing a 19.54% discount to the market price. The proceeds will be used for general operating funds.

NightAirdropper

2026-03-20 09:20:04

Abstract generation in progress

Gelonghui March 17 — Zhuoyue Holdings (00653.HK) announced that on March 17, 2026, the company entered into a subscription agreement with subscriber Gao Jianxing. Under this agreement, the subscriber has conditionally agreed to subscribe, and the company has conditionally agreed to issue a total of 86 million subscription shares at a subscription price of HKD 0.070 per share in cash, representing a total subscription consideration of approximately HKD 6.02 million. The subscription price of HKD 0.070 per share is about 19.54% lower than the closing price of HKD 0.087 per share reported on the Stock Exchange. The subscription shares will be issued and allotted under a general authority. The total proceeds from the subscription will be approximately HKD 6.02 million. The company intends to use the net proceeds from the subscription for general operational purposes.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.