VIRTUAL MIND (01520) to Place Up to 158.6 Million Shares for Net Proceeds of Approx. HKD 79.92 Million

Stock Track

Jul 15, 2025

VIRTUAL MIND (01520) unveiled plans on July 15, 2025, for a substantial share placement targeting up to 158.6 million new shares. This placement volume represents roughly 16.67% of the company's total enlarged issued share capital upon completion. Priced strategically at HKD 0.52 per share, the initiative could generate maximum gross proceeds of HKD 82.49 million if fully subscribed. After accounting for associated expenses, net proceeds are projected to reach approximately HKD 79.92 million. Management intends to allocate these funds across three critical areas: reducing existing debt obligations, accelerating business development initiatives, and bolstering the group's day-to-day operational liquidity. The capital injection aims to strengthen the company's financial foundation while supporting strategic growth pathways.

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HKD 79.92 Million","media":"Stock Track","content":"<p>VIRTUAL MIND (01520) unveiled plans on July 15, 2025, for a substantial share placement targeting up to 158.6 million new shares. This placement volume represents roughly 16.67% of the company's total enlarged issued share capital upon completion. Priced strategically at HKD 0.52 per share, the initiative could generate maximum gross proceeds of HKD 82.49 million if fully subscribed. After accounting for associated expenses, net proceeds are projected to reach approximately HKD 79.92 million. Management intends to allocate these funds across three critical areas: reducing existing debt obligations, accelerating business development initiatives, and bolstering the group's day-to-day operational liquidity. The capital injection aims to strengthen the company's financial foundation while supporting strategic growth pathways.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>VIRTUAL MIND (01520) to Place Up to 158.6 Million Shares for Net Proceeds of Approx. 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HKD 79.92 Million\n</h2>\n\n<h4 class=\"meta\">\n\n2025-07-15 20:50 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>VIRTUAL MIND (01520) unveiled plans on July 15, 2025, for a substantial share placement targeting up to 158.6 million new shares. This placement volume represents roughly 16.67% of the company's total...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1227","symbol_name":"服装、服饰与奢侈品","start_time":0,"source_url":"","article_id":"1193553316","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1193553316","pubTimestamp":1752583841,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":null,"summary":"VIRTUAL MIND (01520) unveiled plans on July 15, 2025, for a substantial share placement targeting up to 158.6 million new shares. 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