Dinos Environmental Protection (01452) plans to discount about 16.59% and issue 178 million shares to raise about HK$23.33 million

According to Zhitong Finance App, Dinos Environmental Protection (01452) announced that on July 10, 2026, the company plans to allocate and issue 178 million subscription shares to the subscribers (Ms. Zhao Shu, executive director and controlling shareholder), equivalent to 30.00% of the company's existing issued share capital at the date of this announcement; and approximately 23.08% of the company's issued share capital after the completion of the expansion of the allotment and issuance of subscription shares. The subscription price was HK$0.1,368 per share, a discount of approximately 16.59% from the closing price of HK$0.164 per share on July 10. The total proceeds from the share subscription will be approximately HK$24.33 million, and the net proceeds will be approximately HK$23.33 million.

The net proceeds from the share subscription are intended to be used for the following purposes: (i) approximately 20% of the net proceeds are used to upgrade and upgrade the production equipment required to manufacture corrugated plate catalysts; (ii) approximately 60% of the net proceeds are used to purchase raw materials needed for carbon monoxide decarbonization catalysts, including but not limited to core precious metals; (iii) approximately 20% of the net proceeds will be used as general working capital.