IDREAMSKY (01119) plans to offer up to 100.3 million shares, with a net proceeds of approximately HK$70.19 million.

IDREAMSKY (01119) announced that on May 15, 2025 (after the trading session), the company entered into a placement agreement with the placing agent. According to this agreement, the company has agreed to appoint the placing agent, who has agreed to act as the company's agent, to use their best efforts to persuade underwriters to subscribe for up to 1.003 billion shares at a placing price of HK$0.72 per share. The placing price represents a discount of approximately 14.29% compared to the closing price of HK$0.840 per share on the date of the placement agreement reported on the Hong Kong Stock Exchange. The total proceeds from the placement are expected to be approximately HK$72.18 million, with an estimated net proceeds of around HK$70.19 million. The company plans to use the net proceeds from the placement for the development expenses of the global multi-platform version and promotional expenses of the global release of their self-developed animated competitive shooting game "Karakachu", including but not limited to expenses for R&D personnel salaries, technical services, and marketing, in order to expedite the global launch of "Karakachu" across multiple platforms and bring new revenue and profit growth opportunities for the company.