ANCHORSTONE (01592) proposes to discount approximately 16.67% of the rights issue with a maximum net fundraising of about HK$11.47 million.

ANCHORSTONE (01592) announced that on September 19, 2025, the company plans to issue up to 482.6 million shares, equivalent to approximately 16.67% of the enlarged issued share capital after the issuance. The shares will be offered at a price of HK$0.025 per share, at a discount of approximately 16.67% compared to the closing price of HK$0.030 per share on September 19. Assuming all the shares are fully subscribed, the estimated total proceeds and net proceeds from the issuance are expected to be approximately HK$12.06 million and HK$11.47 million respectively. The company intends to use the net proceeds for the following purposes: around 50.0% for repayment of bank loans; around 25.0% for payment of other debts and payables; around 25.0% for general working capital of the group (including staff costs and other company expenses). In addition, the board of directors is considering proposing a share consolidation. The company will apply to the Listing Committee of the Stock Exchange for approval to list and trade the consolidated shares.