The board of JUTAL OIL SER (03303) has proposed a rights issue on the basis of "6-for-1," involving the issuance of approximately 356 million rights shares. The subscription price for each rights share is set at HK$0.16, representing a discount of approximately 69.23% compared to the closing price of HK$0.520 per share on the Hong Kong Stock Exchange on the last trading day. Assuming full subscription of the rights issue, the net proceeds are estimated to be about HK$55.1 million. Approximately 90% of the funds raised will be allocated to the expansion of the Group's existing production facilities, while the remaining 10% will be used for general working capital and corporate purposes.