First Journey Holdings (00697) plans to distribute approximately 2.765 billion shares at a price of HK$2.17 per share, raising approximately HK$600 million.

According to the information from the Wisdom Stock News APP, First Travel Holdings (00697) announced that on September 4, 2025 (before the trading session), the company entered into a placement agreement with the placing agent, intending to place a total of approximately 276.5 million shares through the placing agent at a placing price of HK$2.17 per share. The total and net proceeds from the placement are estimated to be approximately HK$6 billion and HK$5.97 billion respectively, with approximately 70% to be used for opening technology experience stores and expanding new business in asset operation areas, and 30% for general corporate operating purposes, including paying management fees, business expansion expenses, and repayment of maturing debts.