Pegasus Group to Issue 1.664 Billion Shares, Netting Approximately HK$330 Million

Pegasus Group (01901) announced that on July 29, 2025, after the trading session, the company respectively entered into subscription agreements with various subscribers and plans to issue a total of 1.664 billion new shares to these subscribers at a subscription price of approximately HK$0.201 per share, representing a discount of around 19.6% compared to the closing price on the date of the agreement reported on the stock exchange.

The net proceeds from the subscription transaction are expected to be approximately HK$330 million, which will be used for the development and operation of new emerging technologies such as RWA (real-world assets), digital assets trading, blockchain, artificial intelligence, etc., as well as general operational funds.