LONG INV CORP (02312) plans to issue a rights offering based on a "2 for 1" ratio, aiming to raise approximately HKD 90.2 million.

LONG INV CORP (02312) announced that the company proposes to conduct a rights issue at a subscription price of HK$0.395 per share, allowing eligible shareholders to receive one rights share for every two existing shares held as of the record date. This rights issue aims to raise a maximum total of approximately HK$90.2 million through the issuance of up to about 228 million rights shares (assuming the number of shares issued as of the record date or before remains unchanged). The net proceeds from the rights issue (after deducting all necessary costs and expenses) are estimated to be approximately HK$89.3 million, with about 90% allocated for investments in listed and unlisted securities of companies in the AI and Web3 sectors, and 10% for the company's general working capital needs.