Highland Shares (01676) plans to discount approximately 14.75% of shares with a maximum net raise of HK$22.39 million

According to the Zhitong Finance App, Highland Co., Ltd. (01676) announced that on December 9, 2025, the company plans to place a maximum of 43.849 million shares, which is equivalent to about 16.67% of the company's issued share capital after allotting and issuing all of the placed shares. The placement price was HK$0.52 per share, a discount of approximately 14.75% from the closing price of HK$0.61 per share on December 9. Assuming that all of the placed shares are fully placed, the net proceeds from the placement are estimated to be approximately HK$22.39 million. The directors intend to distribute the net proceeds as follows: approximately 50% for the Group's existing food business; approximately 30% for the Group's existing catering business; and 20% for the Group's general working capital.