Tak Fung Sulai (08403) plans to issue 17 million subscription shares at a discount of about 10% to raise about HK$61 million

According to the Zhitong Finance App, Tak Fung Sulai (08403) announced that on October 30, 2026, the company plans to issue 17 million subscription shares to Creative Arts Times Co., Ltd., at HK$3.60 per share, a discount of about 10.00% from the closing price of HK$4 per share reported on the Stock Exchange on the date of the subscription agreement. Net funding of approximately HK$61 million is intended to be used to procure amusement facilities and equipment, deploy and support digital management platforms, and related scenic spot operations; continuous development and operation of agricultural product procurement platforms; development and expansion of advertising-related businesses in the agricultural products sector; and general working capital.

On the same day, Luandefeng Cultural Tourism, a wholly-owned subsidiary of the company, and Anhui Valley Tourism signed a non-legally binding memorandum of understanding on cooperation in the operation of the scenic area. According to the proposed cooperation, Anhui Gorge Tourism must be responsible for the operation and management of amusement facilities and equipment, while Luandefeng Cultural Tourism must procure, invest and deploy amusement facilities and equipment required for scenic spots, and must develop, operate and maintain a digital management platform for smart scenic spots.