C.banner International Holdings Limited has announced a proposed issuance of new shares under a general mandate and unlisted warrants under a specific mandate to certain subscribers. The estimated net proceeds from the issuance of the subscription shares, warrants, and warrant shares-assuming full exercise of the warrants-are approximately HK$227 million. The company clarified that the proceeds from the subscription shares are estimated at HK$80 million, from the warrants at HK$16 million, and from the warrant shares at HK$131 million.