PLATT NERA (01949) intends to issue 38.4 million shares at a discount of approximately 14.29%, with a net raise of approximately HK$136.99 million.

PLATT NERA (01949) announced that on June 26, 2026, the company intends to issue and distribute a total of 38.4 million shares to the subscriber (Hong Kong Tamatsushima Ecological Technology Limited), representing 20% of the company's issued share capital as of the date of this announcement; and approximately 16.67% of the enlarged issued share capital of the company after the completion of the subscription. The subscription price for each share is HK$0.360, representing a discount of approximately 14.29% from the closing price of HK$0.420 per share on June 26. Assuming all subscription shares are successfully issued, the total amount and net amount of funds raised from the subscription will be approximately HK$138.24 million and HK$136.99 million respectively. The company intends to allocate the net amount of funds raised as follows: (i) approximately HK$60 million (or approximately 43.8% of the net amount of funds raised) for business development and operational improvement in the group's daily business processes (including but not limited to expanding its operational scale and providing support for ongoing business activities); (ii) approximately HK$60 million (or approximately 43.8% of the net amount of funds raised) for general operating funds and administrative expenses of the group (including rental expenses, employee salaries, company expenses, legal and professional fees, and audit fees); (iii) approximately HK$16.99 million (or approximately 12.4% of the net amount of funds raised) for repayment of bank loans.