STREAM IDEAS (08401) plans to grant a discount of about 15% for the issuance of shares based on a 1 for 2 basis, with a maximum net fundraising of around HK$38.5 million.

STREAM IDEAS (08401) announced that the company proposes to issue up to approximately 480 million shares for subscription at a price of HK$0.0850 per share under a 1-for-2 basis, representing a discount of approximately 15.00% to the closing market price of HK$0.1 per share on the last trading day on the Stock Exchange of Hong Kong. Assuming full subscription, the company expects to raise approximately HK$38.5 million in net proceeds, with around HK$25.5 million to be used for the expansion and development of the group's online advertising services business and promotion of the online platform, and approximately HK$13 million for general working capital.