Huizhu Technology raised 2.9 billion Hong Kong dollars through the issuance of new shares.

According to the announcement of the Hong Kong Stock Exchange, Huizhou Technology will issue 138 million new shares at a price of HK$21 per share. The issue price represents a discount of approximately 13.6% from the closing price of HK$24.30 on the last trading day. The total amount raised from this placement is expected to be around HK$2.9 billion. Macquarie is the lead coordinator and exclusive placement agent.