bestcryptoearninggames| TV Broadcasting plans to issue a total of approximately 28.7438 million new shares to Guangfa Global and Shaw Brothers

TV broadcast (00511) announcedbestcryptoearninggames, on May 13, 2024bestcryptoearninggames, the company entered into a Guangfa subscription agreement with Guangfa Global, planning to issue approximately 874 to Guangfa Globalbestcryptoearninggames.380,000 Guangfa subscription shares, each Guangfa subscription share of HK$3bestcryptoearninggames.36 yuan, with a net raise of approximately HK$28.5 million, will be used for general corporate purposes, including working capital for the group's co-production drama project with its mainland Chinese streaming platform partners.

On the same day, the company entered into a Shaw Brothers Subscription Agreement with Shaw Brothers, proposing to issue approximately 20 million Shaw Brothers Subscription Shares to Shaw Brothers at a subscription price of HK$4 per share, often approximately HK$78.8 million, which will be used for general corporate purposes, including working capital for the co-production drama project of the Group and its mainland Chinese streaming platform partners.