Changes in Hong Kong stocks | Takayama Enterprise (00616) fell 11% and plans to discount about 8% “1 for 2” shares to raise up to HK$62.2 million

The Zhitong Finance App learned that Takayama Enterprise (00616) fell 11%. As of press release, it fell 11% to HK$0.089, with a turnover of HK$1.046 million.

According to the news, Takayama Corporation issued an announcement stating that it is proposed to issue a maximum of 676 million shares, accounting for about 66.67% of the expanded share capital. The share price is HK$0.092 per share, a discount of about 8% from Tuesday's closing price of HK$0.1. The total amount of proceeds is about HK$62.2 million, with a net amount of about HK$61.2 million, of which approximately HK$50 million will be used to repay the Group's bank loans. The balance of about HK$11.2 million will be used for general working capital.