Capital VC Limited announced the completion of its 1-for-1 rights issue, which became unconditional on 6 March 2026. A total of 450.13 million rights shares were offered at HK$0.12 each. Shareholders subscribed for 173.87 million shares (38.60% of the offer), while the remaining 276.26 million unsubscribed shares (61.40%) were successfully placed at the same price under compensatory arrangements, resulting in no net gain for non-participating shareholders.
Gross proceeds reached approximately HK$54.00 million, and after deducting related expenses, net proceeds are estimated at HK$52.90 million. The company plans to deploy the funds by 31 March 2027 as follows: • HK$29.00 million for investments in listed securities within the media & entertainment, financial services, and construction sectors in Hong Kong, mainland China and the United States. • HK$18.00 million for acquisitions of unlisted debt securities in the same sectors and regions. • HK$5.90 million for general working capital, including directors’ fees, salaries, investment manager fees, audit and valuation fees, and rental expenses.
Post-issue, the total number of issued shares has increased from 450.13 million to 900.26 million. Executive Director Kong Fanpeng’s shareholding remains at 2.75 million shares, but his stake has been diluted from 0.61% to 0.31%. Public shareholders collectively hold 99.69% of the enlarged capital base.
Share certificates for fully paid rights shares are scheduled to be dispatched on 13 March 2026, with trading in the new shares expected to commence on 16 March 2026.