According to the Zhitong Finance APP, Directel (08337) announced that on October 24, 2024, the company plans to issue a total of 60 million capitalization shares to Mr. Li Jiancheng, at a capitalization price of HK$0.20 per capitalization share, at a premium of approximately 138.1% over the closing price of HK$0.084 per share on that day. The total capitalization price for all capitalization shares to be subscribed by the subscriber will be paid through capitalization and offsetting the loan principal amount of HK$12 million upon completion.