According to Zhitong Finance App News, Jinli Group (03919.HK) announced that the company proposes to issue 22.686 million shares, HK$0.6 per share, according to the “2 for 1” benchmark, with a discount of about 14.3% from the closing price of HK$0.7 per share reported on the Stock Exchange on the last trading day, to raise approximately HK$13.6 million, net about HK$12.6 million. Approximately 90.0% will be used to fully repay certain bank financing, and about 10% of the group's general working capital.

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