According to Zhitong Finance App News, Iron Goods (01029) issued an announcement. The Company proposes to issue up to 958 million shares to eligible shareholders at a subscription price of HK$0.315 per share (assuming there is no change in the number of issued shares on or before the record date) to raise up to HK$302 million (before deducting expenses) according to the non-full underwriting basis and according to the benchmark of 2 existing shares being held for 1 share offered share on the record date. Stock offerings will only be presented to eligible shareholders and will not be presented to ineligible shareholders. The subscription price was discounted by approximately 16.00% from the closing price of HK$0.375 per share as reported on the last trading day of the shares.
Assuming that there is no change in the number of shares issued on or before the record date, and that all shares to be issued have been fully subscribed based on the share offering, the total proceeds from the offering would be approximately HK$302 million. After deducting estimated professional fees and other related expenses of approximately HK$3.1 million, the estimated net proceeds from the share offering are approximately HK$299 million (assuming there is no change in the number of shares issued on or before the record date). After deducting offering costs and expenses, it is estimated that the net price of each share offered is approximately HK$0.312.
The deadline for trading shares on a linked basis is December 21, 2026 (Monday), and shares will be traded on an exclusion basis starting December 22, 2026 (Tuesday).