Huilian Financial Services (08030) announcedpiratesbountymegaways, the company proposes to issue approximately 2 on the basis of "1 for 3"piratesbountymegaways.54.4 billion rights shares at a subscription price of 0piratesbountymegaways25 Hong Kong dollars, representing a discount of approximately 24.2% to the closing price of HK$0.33 per share of existing shares quoted on the Stock Exchange on the last trading day, raising up to approximately HK$63.6 million. The rights issue is not underwritten and will not be extended to unqualified shareholders, if any.

The announcement said that it is expected to raise net rights issues of approximately HK$60.3 million, with approximately 32.5% of which being used to develop and operate the group's data center, and approximately 32.5% being used to develop and operate Hong Kong and MacaupiratesbountymegawaysAbout 15% of the new financial technology and tourism service platform in the Philippines will be used to develop and operate the new financial technology and tourism service platform in the Philippines, and about 20% will be used for the company's general working capital in Hong Kong.