<div id="readability-page-1">Contel Technology Company Limited ( (HK:1912) ) has issued an update.Contel Technology Company Limited has entered into agreements for a major capital raise through the issue of 271,230,595 new subscription shares and 58,205,000 placing shares, both priced at HK$0.365 per share. Together these new shares represent about 71.43% of the enlarged issued share capital, significantly diluting existing holdings while bolstering the company’s funding base.The subscription and placing are subject to specified conditions and are inter-conditional, meaning completion of one depends on completion of the other and both will settle simultaneously. The transaction will substantially alter the company’s shareholding structure and may reshape its ownership control, with implications for existing shareholders and its positioning in the Hong Kong capital market.<div> More about Contel Technology Company Limited Contel Technology Company Limited is a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange under stock code 1912. The company operates in the technology sector and raises capital through equity issuances, indicating a focus on funding growth and strengthening its balance sheet via share subscriptions and placings. Average Trading Volume: 1,139,553 Technical Sentiment Signal: Sell Current Market Cap: HK$73.79M </div></div>

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Contel Technology (HK:1912) announced a major capital raise by issuing 329.4 million new shares at HK$0.365 each. This transaction, comprising subscription and placing shares, represents approximately 71.43% of the enlarged share capital. The deal is inter-conditional and aims to bolster funding while significantly diluting existing holdings and reshaping ownership control.

Contel Plans Major Share Issue to Reshape Capital Base and Ownership