C STRATEGIC TEC issues new shares at a 20% discount to raise 140 million yuan

C STRATEGIC TEC (01725.HK) announced the issuance of a total of 160 million new shares to two independent third parties; and the placement of up to 90 million new shares. Each share is priced at HKD 0.56, representing a discount of 20% compared to the closing price on the last trading day (5 days ago). The total amount raised is HKD 141 million, with a net amount of HKD 138 million, of which HKD 90.2 million is intended for repaying shareholder loans; the remainder will be allocated for general working capital