CHUANGLIAN HOLD (02371.HK): Subscription completed, HK$20 million net
On 2 November 2026, CHUANGLIAN HOLD (02371.HK) raised about HKD 20 million net from 135,040,000 new shares at HKD 0.149 each, 16.40% of its enlarged capital.
Key Highlights:
- Gross proceeds were HKD 20,120,960 and net proceeds about HKD 20,000,000.
NewTimeSpace News: On 2 November 2026, Chuanglian Holdings Limited (stock code: 02371) said all conditions precedent under the subscription agreement were fulfilled and completion took place on 2 November 2026, with 135,040,000 subscription shares allotted and issued at HKD 0.149 each, representing about 19.62% of the issued shares before completion and about 16.40% of the enlarged issued share capital.
Gross proceeds were HKD 20,120,960, and net proceeds after deducting all relevant professional fees and expenses were about HKD 20,000,000, to be applied as set out in the announcement dated 12 October 2026. Total issued shares rose from 688,378,950 to 823,418,950; the first subscriber holds 67,520,000 shares or 8.20%.
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