HK Stock Market Move | CN Anchu Energy (02399) rose more than 7% in early trading, intending to issue approximately 19.12% of subscription shares at a discount, raising approximately HK$2.882 billion net.

CN ANCHU ENERGY (02399) rose more than 7% in early trading, and as of the time of writing, it was up 4.41% to 0.71 Hong Kong dollars, with a turnover of 49.051 million Hong Kong dollars. On the news front, CN ANCHU ENERGY announced that on December 12, 2025, the company plans to issue a total of 524 million shares to 31 subscribers, accounting for approximately 14.68% of the enlarged issued share capital. The subscription price for each share is 0.55 Hong Kong dollars, a discount of approximately 19.12% from the closing price of 0.68 Hong Kong dollars on December 12. Upon completion, the total amount raised from the subscription will be approximately 2.884 billion Hong Kong dollars, and the net amount raised from the subscription will be approximately 2.882 billion Hong Kong dollars. It is expected that the net proceeds from the subscription will be used for business development, debt repayment, and general working capital.