Wisdom Pride Holdings (08282.HK) plans to issue up to 19 million shares for rights issue at a premium of approximately 1.69% on a "2 for 1" basis.

China Fortune financial news app, Smart Glory Holdings (08282.HK) announced that the company proposes to issue up to 19 million shares of new shares at a ratio of "2 shares for 1 share", with a price of 0.60 Hong Kong dollars per new share. This represents a premium of approximately 1.69% compared to the closing price of 0.59 Hong Kong dollars per share reported on the last trading day of the Stock Exchange. The total amount raised is expected to be approximately 11.4 million Hong Kong dollars, with a net amount of approximately 10.4 million Hong Kong dollars. 80.0% of the funds raised will be used within twelve months after the completion of the share issuance to support the development of software strengthened by artificial intelligence, covering personnel expenses, infrastructure, third-party tools, and other miscellaneous expenses, aimed at improving workflow efficiency and software reliability; and about 20.0% will be used as general operating funds for the group within twelve months after the completion of the share issuance.