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On August 29, 2025, Pacific Legend Group (08547.HK) announced its proposal to place up to 82,107,900 shares through a placing agent, aiming to raise gross proceeds of approximately HK$38.43 million. After deducting related expenses, the net proceeds are expected to be around HK$38.00 million. Mango Financial Limited acted as the sole placing agent (underwriter) for this transaction. The placing price was set at HK$0.468 per share, representing a premium of approximately 6.4% over the closing price of HK$0.44 on the previous trading day. The placement shares account for approximately 20.0% of the existing issued share capital and about 16.7% of the enlarged share capital upon completion.
As a renowned Hong Kong brand for furniture and home furnishings, Pacific Legend Group's business encompasses retail, leasing, project, and hotel services. The net proceeds from this fundraising will primarily be used to supplement the Group's working capital and further optimize its business development.
As one of Hong Kong's longest-established comprehensive international securities firms, Mango Financial Limited will leverage its full suite of licenses, along with its professional service capabilities and profound market experience, to efficiently advance this placement and support the company in achieving its capital operation objectives.
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