---
title: "Cherish Sunshine Plans Share Placement to Raise HK$24 Million for Operations and Debt Repayment"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293606952.md"
description: "Cherish Sunshine International (HK:1094) appointed Gaoyu Securities to place up to 118.5 million new shares at HK$0.209, raising ~HK$24.8M gross. Proceeds will fund payroll, debt repayment, and working capital. The placement represents ~20% of existing share capital, causing moderate dilution, subject to listing approval."
datetime: "2026-07-23T11:08:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293606952.md)
  - [en](https://longbridge.com/en/news/293606952.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293606952.md)
generator: "portal-rs"
---

# Cherish Sunshine Plans Share Placement to Raise HK$24 Million for Operations and Debt Repayment

Cherish Sunshine International Limited ( (HK:1094) ) has issued an update.

Cherish Sunshine International Limited has appointed Gaoyu Securities Limited as placing agent to arrange a best-efforts placement of up to 118,502,535 new shares to at least six independent investors at HK$0.209 per share, representing about 20% of its existing share capital. The issuance will be made under its existing general mandate, subject to listing approval and conditions in the placing agreement.

If fully subscribed, the placement is expected to raise gross proceeds of approximately HK$24.8 million, with estimated net proceeds of HK$24.0 million to be deployed mainly for staff payroll, partial repayment of a PRC bank loan, professional fees and general working capital. The transaction, if completed, will moderately dilute existing shareholders but is intended to strengthen the company’s liquidity and support ongoing operational and financing obligations, with completion timing dependent on satisfaction or waiver of specified conditions.

**More about Cherish Sunshine International Limited**

Cherish Sunshine International Limited is a Bermuda-incorporated company listed on the Hong Kong Stock Exchange. It operates with a broad corporate mandate and accesses capital markets through share issuances to support its working capital, staffing and financing needs. The company targets independent third-party investors for its equity placements to diversify its shareholder base.

**Average Trading Volume:** 138,385

**Technical Sentiment Signal:** Sell

**Current Market Cap:** HK$151.1M

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**