GOLDENPOWER plans to issue 6.48 million subscription shares at a discount of approximately 13.0%
GOLDENPOWER announced plans to issue 6.48 million subscription shares at a price of HKD 1.00 per share, representing a discount of approximately 13.0%. The subscription will be conducted under the general authorization, with total fundraising expected to be around HKD 6.48 million and a net amount of approximately HKD 6.4 million. The subscription shares will account for 20% of the company's existing issued share capital and approximately 16.7% after the issuance
According to the announcement from GOLDENPOWER (03919), on October 24, 2025, the company entered into a subscription agreement with the subscriber, who conditionally agreed to subscribe, and the company conditionally agreed to issue a total of 6.48 million shares at a subscription price of HKD 1.00 per share. The subscribed shares will be issued under the general authorization. The total amount raised from the subscription and the net proceeds are expected to be approximately HKD 6.48 million and HKD 6.40 million, respectively.
Assuming there are no changes to the company's issued share capital from the date of this announcement until completion, the subscribed shares will represent 20% of the company's existing issued share capital as of the date of this announcement; and after the issuance of the subscribed shares, the company's issued share capital will be approximately 16.7%.
The subscription price represents a discount of approximately 13.0% to the closing price of HKD 1.15 per share on the Stock Exchange on October 24, 2025 (the date of the subscription agreement); and a discount of approximately 10.7% to the average closing price of HKD 1.12 per share over the last five consecutive trading days prior to the date of the subscription agreement
