China Technology Group (01725.HK) plans to issue up to approximately 251 million new shares, with a maximum net proceeds of approximately 138 million Hong Kong dollars.

date
05/12/2025
The Wisdom Financial News APP reports that China Technology Group (01725.HK) announced that on December 5, 2025 (after trading hours), the company entered into a subscription agreement with subscribers (Ms. Zhong Li and Mr. Xie Changlun). The company plans to issue approximately 161 million subscription shares to subscribers at a price of HK$0.560 per share, which represents a discount of approximately 20.00% compared to the closing market price of HK$0.700 per share on the last trading day on the Stock Exchange. In addition, the company plans to sell up to 90 million placement shares through placement agents at a price of HK$0.560 per share.