IDREAMSKY (01119) surged over 6% in early trading. As of the time of writing, the stock was up 5.71% to HK$1.11, with a trading volume of HK$5.4774 million.

On the news front, IDREAMSKY announced that on September 29, 2025, the company and Shenzhen Dreamsky entered into a capitalization agreement with PLR Worldwide Sales Limited, the capitalization agreement subscriber. Under this agreement, the capitalization agreement subscriber has conditionally agreed to subscribe for, and the company has conditionally agreed to allot and issue, 166 million subscription shares at an issue price of HK$1.098 per subscription share to offset licensing fees owed by Shenzhen Dreamsky to the capitalization agreement subscriber.

On September 29, 2025, the company also entered into subscription agreements with various subscription agreement subscribers. Under these agreements, each subscription agreement subscriber has conditionally agreed to subscribe for, and the company has conditionally agreed to allot and issue, a total of 69.7756 million subscription shares at an issue price of HK$1.098 per subscription share.

The gross proceeds from the subscription transactions will be approximately HK$76.61 million, with estimated net proceeds of approximately HK$76.33 million. The company intends to use the net proceeds from the subscription transactions for operational and marketing expenses of game products as well as general working capital.

The subscription price of HK$1.098 per subscription share represents a premium of approximately 4.57% over the closing price of HK$1.050 per share on September 29.