According to the Smart Finance app, Bonny Holdings (01906) rose nearly 20% in the morning, and as of press time, it is up 19.67%, at HKD 0.365, with a turnover of HKD 3.3692 million.

On the news, Bonny Holdings (01906) announced that it plans to raise a total of up to HKD 73.5 million (before expenses) through a rights issue. The subscription price is HKD 0.245 per share, issuing no more than 300 million shares of common stock (assuming no further issuance or repurchase of shares before or as of the record date, and all the share of the rights issue will be subscribed). The benchmark for the rights issue is that qualified shareholders will receive one share of common stock of the rights issue for every four existing shares held at the end of the record date. The estimated net proceeds from the rights issue will not exceed approximately HKD 72.1 million.

In addition, the board of directors recommends changing the trading unit from 5,000 shares to 10,000 shares per board lot, effective from 9:00 a.m. on Wednesday, August 7, 2024.

Reportedly, on March 28th, Bonny Holdings announced its annual results for the year ending December 31, 2023, with revenue of CNY 178 million, a year-on-year increase of 10.4%; the net loss attributable to the owners of the parent company narrowed by 36.2% to CNY 45.271 million; the basic loss per share was 3.8 cents. During the reporting period, the Group continued to rebuild and adjust its retail network, and closed 32 low-efficiency and loss-making stores while opening 23 new stores.