Pacific Legend Group Limited (stock code: 8547) has announced a proposed rights issue offering that will raise up to HK$29.60 million before expenses. Shareholders will be entitled to subscribe for one rights share at HK$0.10 for every two shares held on the record date. A maximum of 295.58 million new shares may be issued on a non-underwritten basis.

Under this plan, the company expects to net approximately HK$28.10 million after deducting related costs. The intended use of proceeds includes repaying existing borrowings, covering rental expenses, funding a project in Dubai, opening a new Hong Kong retail store, and general working capital.

An extraordinary general meeting is scheduled on 10 March 2026, during which independent shareholders will vote on the proposal. The record date for determining entitlements is 20 March 2026. The new shares are set to rank pari passu with existing shares upon completion of the rights issue.