YIK WO INTL (08659) Plans to Issue 150 Million Shares at 17.81% Discount, Raising HK$17.84 Million Net

Stock News
2025/12/24

YIK WO INTL (08659) announced on December 24, 2025, that the company entered into a subscription agreement with Wei Guochun (Subscriber A) and Ruan Shixian (Subscriber B). Under the agreement, the company conditionally agreed to issue, and the subscribers conditionally agreed to subscribe for, a total of 150 million shares at HK$0.12 per share pursuant to a general mandate.

The subscription price of HK$0.12 per share represents a discount of approximately 17.81% compared to the closing price of HK$0.146 per share on the Hong Kong Stock Exchange on the date of the agreement.

After deducting professional fees and related expenses, the gross proceeds from the subscription will be approximately HK$17.96 million, with net proceeds estimated at HK$17.84 million.

The company intends to use the net proceeds to settle other accounts payable and for general corporate purposes and working capital. The funds are expected to be fully utilized by the end of 2027.

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