According to the Zhitong Finance App, Dynasty Liquor (00828) announced that all prerequisites have been met and completed on July 31, 2023. A total of 160 million subscribed shares have been successfully placed to subscribers at the subscription price of HK$0.2475 per share. The purchase of shares accounted for about 12.83% of the company's issued share capital immediately after completion; and about 11.37% of the company's issued share capital immediately after completion through the distribution and issuance of subscription shares.

The net proceeds from the subscription were HK$37.9 million. The company plans to use 50% of the proceeds (about HK$18.9 million) to build a new winery in China's Ningxia Hui Autonomous Region, and 50% (about HK$18.9 million) of the proceeds for promotion and marketing in the company's core market and other general corporate purposes.