Wisetong Financial APP news, Palinda Group (08179) announced that the company proposes a "2 shares for 1" basis for rights issue, with a maximum of approximately 0.7165 billion shares to be issued, at a price of HK$0.1 per share, at a discount of about 18.70% from the closing price of HK$0.123 per share on October 4, 2024, raising a total of approximately HK$71.7 million in proceeds (before deducting costs and expenses) (assuming that, apart from the distribution and issuance of rights shares, there has been no change in the company's issued share capital on or before the record date).

On October 4, 2024, Ms. Huang Wei, the main shareholder of the company, has issued an irrevocable commitment to subscribe for or induce its controlled entities to subscribe for 99.5064 million shares of rights shares, which will be tentatively allocated to Ms. Huang Wei according to the provisional allotment of rights shares.