FAMEGLOW (08603) Completes Issuance of 18.92 Million Shares, Net Proceeds Approximately HK$46.71 Million

Stock News
2025/12/05

FAMEGLOW (08603) announced that all conditions under the subscription agreement have been fulfilled, and the completion of the share subscription was finalized on December 5, 2025.

In accordance with the terms of the agreement, a total of 18.92 million subscription shares were allotted and issued to subscribers at HK$2.61 per share. This represents approximately 2.31% of the total issued share capital post-completion.

The net proceeds of approximately HK$46.71 million will be allocated as follows: - Around HK$35 million for employee-related costs, including salaries, wages, commissions, bonuses, allowances, and retirement benefit plan contributions. - Approximately HK$6 million for rental and property management expenses. - About HK$5.71 million for other business and corporate expenditures, covering marketing, promotional activities, office, and general administrative costs.

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