CONGYU INTE AGR(00875) plans to issue 75.8514 million shares, raising approximately 418 million Hong Kong dollars net.

CONGYU INTE AGR(00875) announced that on February 21, 2025, the company plans to issue a total of 75.8514 million subscription shares to subscribers, equivalent to 16.67% of the total number of shares issued after the completion of the recent enlargement. The subscription price is HK$0.560 per share. The total amount of funds raised from the issuance of subscription shares will be HK$42.4768 million. The net amount of funds raised from the subscription will be approximately HK$41.8 million. The company plans to use HK$25 million of the net funds for the group's procurement activities; HK$14 million to repay other loans and accounts payable; and HK$2.8 million for the group's general operating funds.