RADIANCE GLO GP (08208.HK) plans to issue to shareholders in total 72 million shares by subscription, with estimated net proceeds of HKD 8.85 million

NewTimeSpace (newtimespace.com) News, RADIANCE GLO GP (08208.HK) announced on Sep 8, 2026 that the company has entered into a subscription agreement with the Shareholder on Sep 8, 2026. According to the agreement, the subscriber conditionally agreed to subscribe for in total 72 million shares subscription, which represent approximately 10% of the company's existing issued share capital as of the date of this announcement, and approximately 9.09% after the subscription.
The subscription price per share is HKD 0.125, at a premium of approximately 5.93% to the closing price of HKD 0.118 per share on the HKEX on the date of the subscription agreement. The total proceeds from the subscription are estimated to be about HKD 9 million. After deducting the subscription commission, professional fees, and all related expenses that the company may incur, the net proceeds from the subscription are estimated to be approximately HKD 8.85 million.

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