Man Wah Holdings Limited (08482.HK) plans to issue 44.92 million shares to its Chief Executive Officer, Executive Director and Chairman of the Board, L Ke Yi, raising approximately HK$45.5 million.

The Zhitong Finance APP News announced that Wanlida (08482.HK) has issued a notice that on July 16, 2026, the company plans to issue and distribute 44.922 million subscription shares to the subscriber (Mr. Luk Yi, the company's Chief Executive Officer, Executive Director and Chairman of the Board). This represents approximately 25% of the company's existing issued share capital as of the date of this announcement, and approximately 20% of the company's issued share capital following the completion of the subscription shares issuance. The subscription price for each subscription share is HK$0.104, with the total amount to be raised from the subscription being approximately HK$4.67 million, and an estimated net amount of approximately HK$4.55 million. The funds raised will be used for the following purposes: (i) approximately HK$3 million for increased employee salary expenses to support logistics route expansion; and (ii) approximately HK$1.55 million for additional working capital and general business operations.