Fire Rock Holdings Limited (1909) has released a prospectus related to a rights issue based on one rights share for every two existing shares. The subscription price for the rights shares is set at HK$1.58 each, representing a discount to the closing price before the announcement. The transaction is expected to involve up to 96,000,000 rights shares, potentially raising aggregate gross proceeds of up to approximately HK$151.68 million.

The company estimates the net proceeds to be around HK$150.88 million, which are intended for expansion and operational needs. Planned uses include establishing new development teams in the PRC, setting up a regional base in Indonesia, acquiring new simulation games, conducting marketing initiatives, and covering general working capital.

Shareholders must note key dates, including the record date of 19 November 2025 and the latest time for acceptance at 4:00 p.m. on 4 December 2025. Unsubscribed or Non-Qualifying Shareholders’ entitlement may be placed by the appointed placing agent, with any net premium to be distributed on a pro rata basis. Sulfulon International Limited serves as underwriter, and Wilson International Capital Limited acts as financial adviser.

The rights issue is not fully underwritten. If conditions laid out in the underwriting agreement are not satisfied or if the agreement is terminated, the issue will not proceed. Other important details, such as the expected timetable and the company’s financial and trading prospects, are set out in the prospectus, available for reference on the Hong Kong Stock Exchange website.