Wanma Holdings (06928.HK) plans to offer a 16.8% discount to issue 90 million subscription shares, raising approximately HK$155 million.

Wisdom Financial News APP, Wanma Holdings (06928.HK) announced that on November 18, 2025, the company plans to issue 90 million subscription shares to Mr. Ma Rufeng, with a subscription price of HK$0.1748 per subscription share, representing a discount of approximately 16.8% compared to the closing price of HK$0.210 per share reported on the Stock Exchange on the date of the subscription agreement. The net proceeds from the subscription amount to approximately HK$15.5 million and are intended to be used as operating funds for the development of the Chinese auto parts trading business, especially for the purchase of auto parts inventory based on cooperation agreements.