HK Stock Market Move | DEEP SOURCE (00990) rose more than 5% in early trading, planning to issue new shares at a discount of approximately 1.4%, netting about HK$3.553 billion.

DEEP SOURCE (00990) surged more than 5% in the morning session, rising by 5.71% as of the time of writing to HKD 0.74 with a turnover of HKD 8.6539 million. In terms of news, DEEP SOURCE announced that on December 18, 2025, the company entered into a subscription agreement with at least six subscribers. According to the agreement, the subscribers have agreed to subscribe and the company has agreed to issue a total of 515 million new shares at a subscription price of HKD 0.69 per share. This represents a discount of approximately 1.4% compared to the closing price of HKD 0.7 per share on the Stock Exchange of Hong Kong on December 18, 2025 (i.e. the closing price on the subscription agreement date). The total amount expected to be raised from the subscription is approximately HKD 3.554 billion. The net amount to be raised from the subscription (after deducting all expenses, costs, and expenses incurred by the company as well as other related expenses arising from the subscription, which should be borne by the company, properly generated by the subscribers) is estimated to be approximately HKD 3.553 billion. Therefore, after deducting these expenses, costs, and expenses, the net subscription price is approximately HKD 0.69 per share.