C.banner Raises Up to HK$147 Million Through Unlisted Warrants Issue

C.banner International Holdings Ltd. ( (HK:1028) ) has issued an announcement.

C.banner International Holdings Limited has completed the issuance and subscription of 474.5 million unlisted warrants to nine independent subscribers at HK$0.036 per warrant, raising net proceeds of about HK$16 million from the warrant issuance and an estimated HK$131 million upon full exercise of the warrants at HK$0.28 per share, for total potential funding of approximately HK$147 million to be used as previously disclosed. Following the transaction, the company’s total share capital would rise from 2.49 billion to about 2.97 billion shares upon full exercise of the warrants, significantly increasing the public float—with subscribers’ stake potentially rising from 16.67% to 29.99%—while existing major shareholders’ percentage interests are diluted but control remains dispersed, implying enhanced capital flexibility without any subscriber becoming a substantial shareholder under Hong Kong listing rules.

The most recent analyst rating on (HK:1028) stock is a Buy with a HK$0.76 price target. To see the full list of analyst forecasts on C.banner International Holdings Ltd. stock, see the HK:1028 Stock Forecast page.

More about C.banner International Holdings Ltd.

C.banner International Holdings Limited, incorporated in Bermuda and listed in Hong Kong, is an investment holding company; while this announcement does not detail its operating segments, the group is known in the market as a consumer-focused enterprise with interests in branded products sold primarily to Mainland Chinese and international customers.

Average Trading Volume: 4,421,837

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.87B

Learn more about 1028 stock on TipRanks’ Stock Analysis page.