NUR HOLDINGS (00254) announced that on a date in May 2026, the company entered into three separate conditional subscription agreements with three subscribers: Zheng Kaibin, Meng Lufang, and Fu Shanghui. According to the subscription agreements, the subscribers conditionally agreed to subscribe for, and the company conditionally agreed to allot and issue, a total of 112 million subscription shares at a subscription price of HK$0.77 per share. The 112 million subscription shares to be allotted and issued to the subscribers represent approximately 19.87% of the total issued shares as of the date of this announcement, and approximately 16.57% of the total issued shares as enlarged by the issuance and allotment of all subscription shares (assuming no change in the total number of issued shares prior to the completion date). The total gross proceeds and net proceeds from the subscription are expected to be approximately HK$86.24 million and HK$86.14 million, respectively. The company intends to use approximately 40% of the net proceeds to develop its trading business, including but not limited to the trade of frozen or fresh products; approximately 40% for investment activities when opportunities arise; and the remaining approximately 20% as general working capital to strengthen the company's financial position.
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