📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
Hong Kong stock company raised HK$275.6 million through a rights issue, with five institutions participating in the subscription.
According to Gate News bot, a company listed on the Hong Kong Stock Exchange announced on June 30 that it will issue a total of 166 million new shares to 5 investors, accounting for 22.08% of the company's enlarged share capital. The subscription price per share is HKD 1.66, a discount of 29.66% compared to the closing price of HKD 2.36 on June 27, and it is expected to raise a total of HKD 275.6 million.
After this rights issue, the shareholding ratio of the major shareholder Avenir Investment will increase from 29.08% to 29.84%. LINEX Holdings Ltd. becomes the largest subscription party with 124 million HKD, and its shareholding ratio will reach 10%. In addition, TX Capital Holdings Ltd., Night Wood, and Rosen Holdings Ltd. will hold 1%, 3.43%, and 0.48% of the shares, respectively. It is worth noting that Night Wood is wholly owned indirectly by an executive director of the company.