REACH NEW HLDGS (08471) intends to issue a 16.67% discount on its rights issue, with a net fundraising of approximately HK$4.7 million.
New Reach Holdings (08471) announced that on May 5, 2026, the company plans to issue a maximum of 245.2 million new shares through placement agents to no less than six placees at a price of HK$0.02 per share, representing a 16.67% discount to the closing price on that day. The estimated net proceeds from the placement are approximately HK$4.7 million, intended for the development and expansion of lending business in Hong Kong and for general working capital.
REACH NEW HLDGS (08471) announced that on May 5, 2026, the company intends to issue up to 245.2 million new shares to no fewer than six placees through a placing agent at a price of HK$0.02 per share, representing a discount of 16.67% to the closing price on the day. The net proceeds from the placement are approximately HK$4.7 million, which will be used for the development and expansion of lending business in Hong Kong and for general working capital.
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