Bonjour Holdings raises HK$11.3 million through new share subscription to fund expansion and operations

The latest announcement is out from Bonjour Holdings ( (HK:0653) ).

Bonjour Holdings Limited has completed the issuance of 108,571,428 new shares under its general mandate at HK$0.105 per share, raising estimated net proceeds of about HK$11.3 million. Following the subscription, total shares increased to 1,788,878,065, with controlling shareholder Mr. Chen Jianwen’s stake diluted from 53.59% to 50.33% and new subscribers now holding 6.07% of the company.

The company plans to use the new funds primarily as general working capital, including approximately HK$5.3 million to support developing business initiatives in overseas market entry and cross-border online sales, HK$3.5 million for staff costs, and HK$2.5 million for rental expenses. Management notes that these allocations are indicative and may be adjusted according to operational needs, and disclosed that the HK$97 million previously raised via a rights issue and placing has been fully deployed to repay loans, reduce indebtedness, upgrade its HKMALL e-commerce platform, enhance its business model, and cover other operating expenses.

The most recent analyst rating on (HK:0653) stock is a Buy with a HK$0.15 price target. To see the full list of analyst forecasts on Bonjour Holdings stock, see the HK:0653 Stock Forecast page.

More about Bonjour Holdings

Bonjour Holdings Limited is a Hong Kong-listed company incorporated in the Cayman Islands, operating through a group structure. The group focuses on retail and e-commerce activities, including cross-border online sales, with an emphasis on assisting enterprises in expanding their products into global markets through digital channels and related support services.

YTD Price Performance: 2.54%

Average Trading Volume: 12,912,373

Technical Sentiment Signal: Sell

Current Market Cap: HK$203.3M

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