Thai Jin Holdings (08321) signs a memorandum of understanding with Blue Water Capital Management Limited to plan to issue 130 million new shares.

Zhijun Finance APP News, Thai Jin Holdings (08321) announced that on November 7, 2025 (after trading hours), the company (as the issuer) entered into a non-legally binding memorandum of understanding with the independent third party Blue Water Capital Management Limited (as the subscriber); and Jianquan Financing Limited (as the placement agent) (collectively referred to as the "parties to the agreement"). The memorandum of understanding sets out (including) (i) the intention of the potential subscriber to subscribe for 160 million new shares of the company at a price of HK$0.2 per share under special authorization (equivalent to approximately 29.83% of the company's enlarged issued share capital); (ii) the company's intention to place 130 million new shares at a price of HK$0.2 per share through the placement agent under special authorization (equivalent to approximately 24.24% of the company's enlarged issued share capital); and (iii) the intention to grant the potential subscriber the right to nominate Mr. Michael Stockford as a director.