SAMSONITE (01910) saw its shares rise more than 3% during the trading session. As of the latest update, the stock was up 2.41%, trading at HK$20.36, with a turnover of HK$82.64 million. The company announced plans to seek authorization for a dual primary listing by issuing new shares and to cancel certain unexercised treasury shares. The group indicated that it is pursuing a dual listing on a U.S. stock exchange, though the specific method and timing have not yet been determined. The proposed authorization could involve the issuance of up to approximately 138 million new shares, excluding treasury shares, representing 9.97% of the total issued shares. The new shares are expected to be issued in the form of American Depositary Receipts (ADRs), with a price per share set at a discount of no more than 15% to the last closing price prior to the signing of the underwriting agreement for the share issuance. The net proceeds from the offering are intended to be used for working capital and other general corporate purposes, including operational expenses, capital expenditures, repayment of existing debt, share repurchases, and potential acquisitions.