C.BANNER (01028) surged more than 78% during intraday trading. At the time of writing, the stock was up 70.73%, trading at HK$0.42 with a turnover of HK$12.1297 million.

The company announced plans to raise approximately HK$96 million through the issuance of subscription shares and warrants under a general mandate. C.BANNER is a leading international integrated retailer and wholesaler of mid-to-high-end elegant and casual women's footwear in China. The proceeds will be used to optimize its retail network and distribution channels, drive digital transformation and AI exploration, as well as for general corporate purposes.