ENVISION GREEN (01783) plans to issue 19.668 million subscription shares with an estimated net proceeds of approximately 82.5 million Hong Kong dollars.

ENVISION GREEN (01783) announced that on September 20, 2024, the company entered into subscription agreements with two subscribers to issue a total of 19.668 million subscription shares, accounting for approximately 1.54% of the enlarged share capital. The subscription price for each subscription share is HK$4.20, expected to raise approximately HK$82.6 million in funds, with net proceeds of approximately HK$82.5 million. In May of this year, ENVISION GREEN announced that the company had signed lease agreements for the T2 and T3 sections of the Tuen Mun Environmental Park, with a leased area of approximately 9,420 square meters dedicated to operating a retired power battery processing business; and has commissioned the construction of a processing facility at the location. In addition to expanding the company's shareholder base, 50% of the net proceeds from this subscription will be used for the construction of the environmental park project processing facility, with the remaining 50% to be used for the company's general operating funds.