Basetrophy Group Holdings Limited (Stock Code: 8460) announced that on 27 October 2025, it entered into two subscription agreements with independent third-party subscribers. Under the agreements, a total of 44,268,000 new shares will be issued at HK$0.14 per share, representing 20% of the company’s existing issued shares and approximately 16.66% of the enlarged share capital upon completion. According to the announcement, the subscription price reflects a discount of about 69.89% compared to the 27 October 2025 closing price (HK$0.465), and a discount of around 59.16% compared to the five-day average closing price of HK$0.343 prior to that date.

The company expects to raise gross proceeds of approximately HK$6.2 million and net proceeds of around HK$6 million, with the net proceeds intended primarily for general working capital needs as well as repayment of borrowings. The shares will be allotted under a general mandate granted on 5 June 2025, and each of the two subscription agreements is not inter-conditional upon the other. The completion timetable depends on conditions precedent, including obtaining necessary regulatory permissions. If all conditions are satisfied, settlement will take place on the fifth business day following fulfillment or a date otherwise agreed by the parties.

Upon completion of the subscriptions, the holding of the largest shareholder, which stood at about 23.38% prior to these transactions, will be reduced to approximately 19.48% of the enlarged share capital. The two subscribers, who held no shares before, will each own around 8.33%. The company confirms there have been no equity fundraisings in the preceding 12 months and reminds shareholders and potential investors that the completion of these agreements is subject to various conditions and may or may not proceed as outlined.