SUPER STRONG (08262) once surged over 240%, as of the time of writing, the stock price has increased by 217.39%, currently reported at 0.073 HKD, with a transaction volume of 2.5637 million HKD.
SUPER STRONG announced that on December 31, 2024, the company plans to issue and allocate a total of 0.127 billion shares to the subscriber (Mr. Lu Yujian), equivalent to approximately 16.0% of the company's issued share capital as of the date of this announcement; and about 13.8% of the company's enlarged issued share capital. The subscription price is 0.019 HKD per share, representing a discount of approximately 17.4% compared to the closing price of 0.023 HKD per share on December 31.
The total proceeds from the subscription will be approximately HKD 2.4 million, while the estimated net proceeds from the subscription are about HKD 2.3 million. The company intends to use the entire net proceeds from the subscription for the group's general working capital.
