Macau Legend Raises HK$86.4 Million Through Fully Underwritten Rights Issue

An announcement from Macau Legend Development ( (HK:1680) ) is now available.

Macau Legend Development Limited has completed a fully underwritten rights issue of one rights share for every two existing shares, which became unconditional on 16 January 2026. Out of 310,059,356 rights shares offered, shareholders and applicants validly subscribed for 153,443,202 shares, representing about 49.49% of the offer, including all excess applications, while the remaining 156,616,154 under‑subscribed rights shares, or approximately 50.51% of the offer, were taken up by co‑underwriters East Asia Securities and Platinum Broking. Following completion, the co‑underwriters and their sub‑underwriters or procured subscribers will collectively hold about 16.84% of the enlarged share capital, and the company expects to raise gross proceeds of around HK$93.0 million, with estimated net proceeds of HK$86.4 million to be deployed in line with its stated use-of-proceeds plan, bolstering its capital position and funding needs.

The most recent analyst rating on (HK:1680) stock is a Sell with a HK$0.33 price target. To see the full list of analyst forecasts on Macau Legend Development stock, see the HK:1680 Stock Forecast page.

More about Macau Legend Development

Macau Legend Development Limited is a Hong Kong-listed company engaged in the gaming and integrated resort sector, with operations centered around leisure, entertainment, and hospitality in Macau and related markets. The group focuses on developing and managing casino and hotel facilities, targeting tourists and gaming patrons in the broader Greater China region.

Average Trading Volume: 156,437

Technical Sentiment Signal: Sell

Current Market Cap: HK$302.3M

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