ALPHA PRO HLDGS (00948) Plans to Issue 35 Million Capitalization Shares at a 15.15% Discount to Settle HK$9.8 Million Debt

Stock News

02/12

ALPHA PRO HLDGS (00948) announced that on February 12, 2026, Vires Trading (an indirect wholly-owned subsidiary of the company, as the borrower), AP Diamond (as the lender), the company (as the issuer), and the subscriber (as the subscriber and nominee of AP Diamond) entered into a deed of settlement. The agreement is to settle a portion of the debt amounting to HK$9.8 million. This involves the allotment and issuance of 35 million capitalization shares at an issue price of HK$0.28 per share. The issue price represents a discount of approximately 15.15% compared to the closing price of HK$0.33 per share reported on February 12, 2026.

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