TAI KAM HLDGS (08321) announced that on November 9, 2025, the company received a HK$1.5 million deposit and entered into a subscription agreement with Redbridge Capital Global Opportunities OFC. Under the agreement, the company conditionally agreed to allot and issue a total of 160 million subscription shares, representing approximately 29.83% of the enlarged issued share capital after the issuance of subscription and placement shares. The subscription price is HK$0.20 per share, representing a discount of about 24.53% compared to the closing price of HK$0.265 per share on the last trading day on the Stock Exchange.

The company intends to allocate approximately 70% of the net proceeds from the subscription (around HK$31 million) for investment in developing new technology-related business segments, with the remaining 30% to be used as general working capital for the group.

On the same day, the company also signed a placement agreement with a placing agent to place up to 130 million shares at HK$0.20 per share, accounting for about 24.24% of the enlarged issued share capital. The net proceeds from the placement (approximately HK$25 million) will similarly be allocated, with 70% for new technology-related business development and 30% for general working capital.

Additionally, to facilitate the subscription and placement and support future expansion, the board proposed increasing the authorized share capital from HK$20 million (400 million shares at HK$0.05 par value) to HK$100 million (2 billion shares at HK$0.05 par value) by creating an additional 1.6 billion unissued shares. The increase will take effect upon approval by shareholders via an ordinary resolution at an extraordinary general meeting.