Superstar Legend (06683) plans to allocate around 19.91% of the shares for sale at a discount to raise funds for concerts and intellectual property (IP) business.
Zhtng Cijng APP news, Superstar Legend (06683) announced that on November 13, 2025, the company, the seller, and the placing agent entered into a placing and subscription agreement, whereby (a) the seller agreed to appoint the placing agent as the placing agent, and the placing agent agreed to use its best efforts to induce the buyer to purchase the placing shares at the placing price (i.e. 7.20 Hong Kong dollars per share) (a maximum of 75 million shares, including shares sold on an old-after-new basis and Magic Express shares); (b) the seller on an old-after-new basis conditionally agreed to subscribe, while the company conditionally agreed to issue and allocate subscription shares to the seller on an old-after-new basis at the subscription price (equivalent to the placing price) (up to 54.49 million shares).
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