NUR HOLDINGS (00254) saw its share price increase by more than 19% during the trading session. As of the latest update, the stock is up 10.47%, trading at HK$0.95 with a turnover of HK$4.0927 million.

NUR HOLDINGS announced that on May 28, 2026, the company entered into three separate conditional subscription agreements with three subscribers (Zheng Kaibin, Meng Lufang, and Fu Shanghui). Under the subscription agreements, the subscribers have conditionally agreed to subscribe for, and the company has conditionally agreed to allot and issue, a total of 112 million subscription shares at a subscription price of HK$0.77 per share.

The 112 million subscription shares to be allotted and issued to the subscribers represent approximately 19.87% of the total issued share capital as of the announcement date; and approximately 16.57% of the total issued share capital as enlarged by the issuance and allotment of all subscription shares (assuming no change in the total issued share capital prior to the completion date).

The total gross proceeds and net proceeds from the subscription are expected to be approximately HK$86.24 million and HK$86.14 million, respectively. The company intends to allocate approximately 40% of the net proceeds for the development of its trading business, including but not limited to the trade of frozen or fresh products; approximately 40% for investment activities when opportunities arise; and the remaining approximately 20% for general working capital to strengthen the company's financial position.