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Techub News, according to an announcement on the Hong Kong Stock Exchange, Deson Development International Limited plans to place 11.5 million new shares to Dr. Ng Kit Chong, Chairman of the Peak Group, at HK$1.14 per share, and place 130 million new shares to its existing strategic shareholder, The Reynold Lemkins Group (Asia), at the same price. The company will also issue 180 million non-listed warrants to The Reynold Lemkins Group, with an initial exercise price of HK$1.704 per share. If all the relevant warrants are exercised, The Reynold Lemkins Group's shareholding may increase to 30.90%, potentially triggering a mandatory general offer obligation under the Takeovers Code. The core use of this fundraising is directed towards the transformation of traditional real estate business Web3 and the layout of asset digitization (RWA). The company simultaneously announced that, after a brief trading suspension on January 20, trading of its shares resumed at 9:00 a.m. on January 21.
Techub News: According to Eastnet, Deson Property has placed 100,800,000 new shares with The Reynold Lemkins Group Limited, representing approximately 10% of the enlarged issued share capital. The subscription price is HK$0.7 per share, representing a 16.67% discount to the last closing price of HK$0.84 before the trading halt. The gross proceeds are HK$70.56 million, with net proceeds of approximately HK$68.76 million. Of the net proceeds, approximately 30% will be used to support the Group's integration into the Web3 ecosystem and drive the strategic transformation and upgrading of the traditional property business; approximately 25% will be used for selective acquisitions or investments in companies and projects highly synergistic with the transformation to enhance capabilities in areas such as artificial intelligence, digitalization, and blockchain; approximately 25% will be used to expand strategic partnerships and geographical market coverage; and approximately 20% will be used as general working capital.
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