TRUE PARTNER (08657) plans to discount approximately 13% for the issuance of 19.5 million shares, with a net raise of approximately HK$7.3 million.

TRUE PARTNER (08657) announced on December 27, 2024 that the company plans to issue and distribute 19.5 million shares to subscribers, representing approximately 4.88% of the existing issued shares as of the date of the announcement and approximately 4.65% after completion of the enlarged issued shares. The subscription price is HK$0.400 per share, representing a discount of approximately 13% compared to the closing price of HK$0.46 per share on December 27. The total amount raised from the subscription is approximately HK$78 million, with a net amount of approximately HK$73 million. The proceeds from the subscription will mainly be used by the company for general working capital, including office administrative expenses, salaries, maintaining existing business, and professional fees such as audit fees, legal fees, financial advisory fees, and financial printing expenses. The subscriber is the company's major shareholder True Partner International Limited, a wholly-owned subsidiary of DSS Financial Management, Inc. DSS Financial Management, Inc. is owned by DSS Securities, Inc., which is wholly-owned by DSS, Inc. Mr. Chan Heng Fai holds a 58.79% stake in DSS, Inc.