Core Viewpoint - China Technology Group (01725) announced a subscription agreement to issue approximately 161 million subscription shares at HKD 0.560 per share, representing a discount of about 20% compared to the last trading price of HKD 0.700 per share [1] Group 1: Subscription and Placement Details - The company plans to issue approximately 161 million subscription shares to subscribers Ms. Zhong Li and Mr. Xie Changlun [1] - Additionally, the company intends to place up to 90 million placement shares at the same price of HKD 0.560 per share [1] Group 2: Financial Implications - If all placement shares are successfully placed, the net proceeds from the subscription and placement are expected to be approximately HKD 138 million [1] - Of the net proceeds, 65.31% will be used to repay shareholder loans, while 34.69% will be allocated for general working capital, including salaries, rent, professional fees, and ongoing administrative expenses [1]
中国技术集团拟发行合共最多约2.51亿股新股 最多净筹约1.38亿港元