JIADING INTL GP (08153) proposes to issue rights shares on a "1 for 3" basis at a 21.05% discount.

JIADING INTL GP (08153) announced that the company proposes to issue approximately 125 million rights shares on a "1 for 3" basis at HK$0.45 per rights share, representing a 21.05% discount to the closing price of HK$0.57 per share as quoted on the Stock Exchange on the last trading day. The maximum net proceeds from the rights issue after deducting all relevant expenses will be approximately HK$55.2 million, of which approximately HK$28.6 million will be used to repay debts; approximately HK$14.6 million will be used as working capital for the group's advertising business, including daily operations of the advertising business, including advance payments to suppliers (such as advertising space/time slots and video/photo/text production suppliers), as well as upgrading training and operational training in AI-assisted tools, programmatic platforms, and data analytics for the entire team; and approximately HK$12 million will be used as general administrative funds and corporate expenses, including employee remuneration, professional fees, rentals, and other operating expenses.