Chuanglian Holdings (02371) has announced that on October 12, 2026, the company intends to allot and issue a total of 135 million subscription shares to two subscribers (Ren Libi and Cai Zhonglin), representing approximately 19.62% of the total number of issued shares as of the date of this announcement, and approximately 16.40% of the total number of issued shares as enlarged by the issuance and allotment of all subscription shares.
The subscription price of HK$0.149 per subscription share represents a discount of approximately 2.61% to the closing price of HK$0.153 per share on October 12.
The gross proceeds and net proceeds from the subscription are expected to be HK$20.121 million and approximately HK$20 million, respectively.
The company plans to use the net proceeds as general working capital to strengthen the company's financial position.