YIK WO INTL (08659) proposes to issue 165 million subscription shares at a discount of approximately 18.9%, raising net proceeds of approximately HK$11.96 million

YIK WO INTL (08659) announced that on October 30, 2026, the company intends to issue subscription shares to subscribers under a general mandate, totaling 165 million subscription shares, at a subscription price of HK$0.073 per subscription share. The subscription shares together represent approximately 16.7% of the company's issued share capital as enlarged by the allotment and issue of the subscription shares. The subscription price of HK$0.073 per subscription share represents a discount of approximately 18.9% to the closing price of HK$0.090 per share as quoted on the Stock Exchange on the date of the subscription agreement. The gross and net proceeds from the subscription will be approximately HK$12.02 million and HK$11.96 million, respectively. The company intends to use approximately HK$8.76 million of the net proceeds from the subscription for research and development expenses and the construction of its own factory for single-use plastic products, which is expected to be fully utilized by the end of December 2027; and approximately HK$3.20 million for general corporate and working capital purposes, which is expected to be fully utilized by the end of December 2027.