Baiwang Co., Ltd. (06657.HK) proposes to issue a total of 2,581,300 new H Shares at a discount of approximately 10.53%, raising net proceeds of approximately HK$29.5 million.

Zhitong Finance APP News, Baiwang Co., Ltd. (06657.HK) announced that on October 26, 2026 (after trading hours), the Company entered into a subscription agreement with the subscriber, pursuant to which the Company has conditionally agreed to allot and issue, and the subscriber has conditionally agreed to subscribe for, a total of 2,581,300 new H Shares at a subscription price of HK$11.622 per subscription share, for an aggregate subscription consideration of HK$30 million.