Future World (HKG:0572) sold 23,188,310 shares to an individual subscriber at HK$0.60 apiece, according to a Wednesday filing with the Hong Kong Exchange.
The subscriber, Chu Yuk Shun Joseph, will settle the aggregate subscription price of HK$13.9 million, the filing said.
The price will be set off against any outstanding amount under a promissory note issued by Future World on July 31, 2024, in favor of Chu with a principal amount of HK$13.6 million and interest of 5% per annum calculated based on the actual number of days elapsed and a 365-day year, the filing said.
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