WINSHINE SCI (00209) intends to issue approximately 9.4 million shares at a discount of about 19.1%, raising approximately HK$1.2 million net.

WINSHINE SCI (00209) announced that on January 22, 2025, the company plans to issue and distribute 9.4 million subscription shares to subscriber Mr. Mayan Ma, equivalent to approximately 6.1% of the total issued shares after the issuance of subscription shares. The subscription price for each share is HK$0.14, a discount of approximately 19.1% compared to the closing price of HK$0.173 on January 22. The total amount expected to be raised from the issuance of subscription shares is approximately HK$1.3 million, with a net amount of approximately HK$1.2 million. The company plans to use the net proceeds for general operating funds of the group, with approximately HK$100,000 allocated for professional fees and approximately HK$1.1 million for staff salaries, office rent, and utility expenses, which are expected to be utilized by March 2025.