Jiading International Group Holdings Limited (08153) has announced a proposed rights issue aimed at raising gross proceeds of up to approximately HK$6.93 million. The issue offers one rights share for every two existing shares held on the record date, involving up to 11,555,058 new shares at a subscription price of HK$0.60 each. The company estimates net proceeds of around HK$6.2 million, earmarking approximately HK$2.4 million for day-to-day advertising operations and the rest for salaries, professional fees, and other corporate expenses.

Under the arrangement, the subscription price per rights share represents discounts of 38.78% to the closing price on the last trading day (HK$0.98) and 29.69% to the theoretical ex-rights price. There will be no excess entitlement; any shares not subscribed or from non-qualifying shareholders are to be placed to independent placees on a best-effort basis. Any shares remaining unsubscribed and not placed will reduce the size of the offering accordingly.

No underwriter has been appointed, and the proposal is not subject to shareholders’ approval under prevailing listing rules, as it falls within the share-capital and market-capitalization thresholds. The company has indicated a timeframe requiring that all transfer documents be lodged by 7 November 2025 to qualify for participation. Subject to completion, certificates for fully-paid rights shares are expected to be dispatched in December 2025.

Jiading International Group Holdings Limited remains focused on its advertising business and plans to use the raised capital to support normal operations and strengthen its overall financial positions. Shareholders are reminded that the completion of the rights issue depends on various conditions, with details outlined in the official announcement. Interested parties are advised to stay informed of updates and complete applications within the designated subscription period.