TESSON HOLDINGS (01201) plans to issue 120 million subscription shares at a discount of approximately 3.85%, raising approximately HKD 11.6 million net.

TESSON HOLDINGS (01201) announced that on September 20, 2024, the company intends to issue 120 million subscription shares to Aerospace Lithium Battery Technology (Hong Kong) Limited, representing approximately 5.46% of the enlarged share capital. The subscription price for each subscription share is 0.10 Hong Kong dollars, representing a discount of approximately 3.85% from the closing price on that day. The net proceeds from the subscription amount to approximately 11.6 million Hong Kong dollars, which are intended to be used for the group's general operating expenses.