Jinli Group (03919) plans to issue 6.492 million shares at a discount of approximately 5.1%, raising net proceeds of about HKD 4.1 million.

Zhitong Finance APP news, Jinli Group (03919) announced that on August 6, 2026, the company plans to allot and issue a total of 6,492,000 shares to Mr. Gao Jianxing, the subscriber, which represents 16.7% of the company's existing issued share capital as of the date of this announcement; and approximately 14.3% of the issued share capital of the company after the issuance of the subscription shares. The subscription price is HKD 0.65 per share, which is approximately a 5.1% discount to the closing price of HKD 0.685 per share on August 6. The total amount of funds raised from the subscription and the net proceeds are expected to be approximately HKD 4.2 million and HKD 4.1 million, respectively. The company intends to use the net proceeds from the subscription as follows: approximately 80% for repaying bank financing that will mature in the next six months; and approximately 20% for the group's general working capital.