WS-SK TARGET (08427) Plans to Issue 216,000 Shares at 14.61% Discount, Raising Approximately HK$4.24 Million

Stock News12-03

WS-SK TARGET (08427) announced on December 3, 2025, that the company intends to allot and issue 216,000 shares to the subscriber, Mr. Cai Shangqi, representing approximately 1.30% of the enlarged issued share capital post-allotment. The subscription price is set at HK$19.93 per share, reflecting a discount of about 14.61% compared to the closing price of HK$23.34 per share on December 3. The gross proceeds from the subscription are expected to be around HK$4.305 million, with net proceeds estimated at approximately HK$4.2399 million. The company plans to use the net proceeds for general working capital purposes. The board believes the subscription will enable the group to strengthen its financial position by raising additional funds.

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