PACIFIC LEGEND (08547) plans to increase authorized share capital to HK$300 million

Zhitongcaijing · 2d ago

Zhitong Finance App News, Pacific Legend (08547) announced that the board of directors proposed to seek shareholders' approval by means of an ordinary resolution at the special shareholders' meeting to increase its authorized share capital from HK$100 million (divided into 1 billion shares) to HK$300 million (divided into 3 billion shares) by adding an additional 2 billion unissued shares.

On August 19, 2026 (after the trading period), the company signed a subscription agreement with the subscriber, Ms. Wong Yue-sheung. The company plans to issue approximately 177 million subscription shares to the subscribers at a subscription price of HK$0.138 per share, with a premium of about 43.75% per share (compared) to the closing price of HK$0.096 per share reported on the Stock Exchange on the date of the subscription agreement. The net proceeds from the subscription will be approximately HK$24 million, which is intended to be used as the Group's general working capital.