ZALL SMARTCOM (02098.HK) announced that it will issue 1.2 billion new shares to its controlling shareholder ZALL Holdings, equivalent to an 8.82% increase in the post-expansion share capital; the subscription price per share is HKD 0.26, a discount of 10.34% compared to the last trading day (27th). The total amount raised is HKD 312 million, with a net amount of HKD 311.7 million intended for debt repayment