Guangdong-Hong Kong Bay Holdings (01396) plans to discount approximately 3.51% of the issuance of 34.18 million shares, with a net raise of approximately 187.6 million Hong Kong dollars.

Guangdong-Hong Kong Bay Holdings (01396) announced that on December 4, 2025, the company plans to issue a total of 34.18 million shares to subscribers (CMBI PRIVATE EQUITY SERIES SPC, and Top Ascend Limited), accounting for approximately 2.95% of the company's enlarged issued share capital. The subscription price per share is HK$5.5, which represents a discount of approximately 3.51% compared to the closing price of HK$5.7 per share on December 4. The total amount raised from the subscription is approximately HK$188 million, with the net proceeds expected to be around HK$187.6 million. The board of directors plans to use the net proceeds from the subscription for the general operating capital of the group, with approximately 70% intended for the AI computing power cloud service project, around 20% for project construction costs, and about 10% for daily operating expenses.