BONJOUR HOLD (00653) surged over 80% during trading, and as of press time, the stock was up 63.22% at HK$0.142, with a trading volume of HK$7.3747 million.

On the news front, BONJOUR HOLD announced that the proposed resolution for a "1-for-3" rights issue of up to 1.343 billion shares has been formally approved by independent shareholders at a special general meeting, and trading will commence after relevant conditions are met or waived.

The proceeds are expected to focus on four core purposes: repaying loans and corporate bonds, upgrading the group's global cross-border e-commerce platform "Hong Kong Cat", strengthening wholesale business modules, and supplementing general working capital.

According to the announcement, group chairman, executive director and controlling shareholder Chan Kin Man will subscribe to his provisional allocation through shareholder loan set-off and may subscribe for new shares in the placing to maintain his controlling shareholder status. BONJOUR HOLD stated that this reflects the controlling shareholder's long-term support and confidence in the group, and can reduce interest expenses arising from shareholder loans.

It is reported that BONJOUR HOLD announced in April this year its plan to issue up to approximately 1.343 billion rights shares on a "1-for-3" basis at a discount of approximately 25.93%, raising up to approximately HK$107 million, with net proceeds not exceeding approximately HK$52 million.