CHAMPION TECH plans to place approximately 164 million shares at a discount of about 16.95%, raising approximately HKD 38.5 million
CHAMPION TECH plans to place 164 million shares on January 7, 2025, at a placement price of HKD 0.245 per share, representing a discount of approximately 16.95% compared to the closing price of HKD 0.295. It is expected to raise approximately HKD 38.5 million in net proceeds, which will be used for the group's dedicated working capital for its green energy business
According to the announcement from CHAMPION TECH (00092), on January 7, 2025, the company plans to place 164 million shares at a placement price of HKD 0.245 per share, which represents a discount of approximately 16.95% compared to the closing price of HKD 0.295 per share on January 7.
Assuming the maximum placement of 164 million shares, the net proceeds the company will receive will be approximately HKD 38.5 million. The company intends to use the net proceeds as dedicated working capital for the group's green energy business
