China Food and Beverage Group (08283) plans to carry out a "1 for 5" rights issue, with a net fundraising of approximately HK$96.97 million.

Wisdom Financial News App, China Food Min'an (08283) announced that the company plans to issue 5 shares for every 1 share held on the record date at a subscription price of HK$0.35 per share, representing a discount of approximately 23.91% compared to the closing price of HK$0.460 per share on the last trading day on the Stock Exchange of Hong Kong. The company aims to raise a maximum of HK$110 million (before expenses) by issuing up to 288 million shares of new shares (assuming the number of shares issued remains unchanged as of the record date or earlier).