CROWNICORP (00727) plans to issue a total of 1.06 billion shares at a premium of approximately 15.79%, raising approximately HKD 93 million.

CROWNICORP (00727) announced that on January 20, 2025 (after trading hours), the company entered into a subscription agreement with a subscriber. According to this agreement, the company has conditionally agreed to issue and allocate to the subscriber a total of 1.06 billion subscription shares, and the subscriber has conditionally agreed to subscribe for these shares at a subscription price of HK$0.088 per share. The subscription price represents a premium of approximately 15.79% over the closing market price of HK$0.076 per share on the date of this announcement. The net proceeds from the subscription (after deduction of placement commission and other expenses related to the subscription) are expected to be approximately HK$93 million.