Group 1 - The company, China Information Technology (08178), plans to issue up to approximately 27.47 million shares through a rights issue at a ratio of "8 for 3" to raise no less than approximately 35.44 million HKD before expenses [1] - The company also intends to issue up to approximately 29.49 million shares through the rights issue to raise no more than approximately 38.04 million HKD, assuming no changes in the number of shares issued prior to the record date [1] - The subscription price for each rights issue share is set at 1.29 HKD, representing a discount of approximately 55.05% compared to the last closing price of 2.87 HKD on the Hong Kong Stock Exchange [1] - The net proceeds from the rights issue will be used for the company's general working capital over the next 18 months [1]
中国信息科技(08178)拟折让约55.05%按“8供3”基准发行供股