Mythical World (00582) resumed trading at a low rate of nearly 18%. As of press release, it was down 17.95% to HK$0.032, with a turnover of HK$202,000.
The Zhitong Finance App learned that Mythical World (00582) resumed trading at a low rate of nearly 18%. As of press release, it had a decrease of 17.95% to HK$0.032, with a turnover of HK$202,000.
According to the news, Mythical World announced that it is proposed to restructure the share capital by dividing the shares into 1, followed by 1 for 2, and issuing a maximum of 1,014 billion shares; the stock price is HK$0.26, which is a 33.33% discount from the theoretical closing price before the suspension of trading. The total capital raised was HK$264 million, with net proceeds of HK$259 million, to be used for maintenance, renovation and facility upgrades at Jeju Mythical World; development of resort business and gaming business; interest expenses; and general working capital.
It is worth noting that data shows that Yang Zhizhi, the shareholder of the mythical world, was investigated by the China Securities Regulatory Commission in December 2020 for allegedly manipulating the securities market and stepped down as a director of the company in June 2023.