Core Viewpoint - IDT INT'L (00167) has entered into a placement agreement to issue up to 86.6664 million shares at a price of HKD 1.88 per share, representing a significant discount to the current market price, aimed at raising approximately HKD 163 million for future investments and operational funding [1][2]. Group 1: Placement Details - The placement involves a maximum of 86.6664 million shares, which accounts for approximately 20.00% of the existing issued share capital as of the announcement date [1]. - The placement price of HKD 1.88 per share reflects a discount of about 19.66% to the closing price of HKD 2.34 on the date of the placement agreement [1]. - If fully subscribed, the total gross proceeds from the placement will be approximately HKD 163 million, with a net amount estimated at HKD 161 million after deducting related expenses [1]. Group 2: Use of Proceeds - The net proceeds will be allocated as follows: approximately HKD 80.35 million (50.0% of net proceeds) will be reserved for potential future investments when suitable opportunities arise [2]. - The remaining HKD 80.35 million (50.0% of net proceeds) will be used to supplement the company's general working capital, including settling payables and funding new product design and development [1][2].
IDT INT‘L(00167)拟折让约19.66%配售8666.64万股配售股份，净筹约1.61亿港元