EMPEROR WATCH&J(00887) plans to discount about 1.76% of the rights issue, with a maximum net raise of about 79.24 million Hong Kong dollars.

EMPEROR WATCH & J (00887) announced that it plans to allot a maximum of 477 million shares on January 9, 2025, equivalent to approximately 6.58% of the company's enlarged issued share capital after the issuance. The subscription price for each share is HK$0.167, a discount of approximately 1.76% from the closing price of HK$0.17 on January 9. Assuming all the shares are fully subscribed, the total proceeds from the subscription will be around HK$79.7 million, with a net proceeds of approximately HK$79.24 million. The company plans to use the net proceeds to expand the group's retail network and for general operating expenses.