WORLD SUPER (08612) plans to issue new shares at a premium of approximately 23.46% on a basis of 1 share for every 3 shares held, raising a maximum net amount of approximately HKD 29.08 million.

WORLD SUPER (08612) announced that the company intends to issue up to approximately 311 million shares through a 1-for-3 rights issue, with each share priced at HK$0.1, representing a premium of approximately 23.46% over the closing price of HK$0.081 per share on the last trading day of the Stock Exchange. The rights issue is expected to raise approximately HK$31.1 million, with net proceeds of approximately HK$29.08 million. About 58.46% of the funds raised will be used to repay the group's loans and trade payables, approximately 31.54% will be used to support upcoming projects and acquire new factories and equipment, and approximately 10.00% will be allocated for general working capital of the group.