Hony Media Group has completed a subscription of new shares under a general mandate, with the transaction finalized on 17 November 2025. The subscription was priced at HK$0.039 per share, raising net proceeds of approximately HK$24.66 million. The funds are intended for staff costs, office rental, professional fees, and general working capital. Following the subscription, the subscriber's interest in the company increased from 0.29% to 4.77% of the enlarged issued share capital. The adjustment also resulted in a decrease in the conversion price of outstanding convertible bonds from HK$0.1014 to HK$0.1003 per share, increasing the maximum number of shares issuable upon full conversion.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hony Media Group published the original content used to generate this news brief on November 17, 2025, and is solely responsible for the information contained therein.