Transtech Optelecom Completes HK$18.22 Million Share Placing to Bolster Working Capital

Claim 70% Off TipRanks This Holiday SeasonUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potentialTranstech Optelecom Science Holdings Limited ( (HK:9963) ) has shared an update. Transtech Optelecom Science Holdings Limited has completed a placing of 38,976,000 new shares under its general mandate, raising net proceeds of approximately HK$18.22 million after commissions and expenses. The shares were placed at HK$0.476 each to at least six independent professional, institutional and other investors, increasing the company’s total issued shares from 260 million to 298.976 million, with the controlling shareholder’s stake diluted from 75% to 65.22% and new placees now holding 13.04%. The company plans to use about HK$5.97 million of the proceeds to repay bank and other borrowings and approximately HK$12.25 million for general working capital in 2026, including audit fees, rent and salaries, a move that strengthens its liquidity position and slightly broadens its shareholder base without changing control. The most recent analyst rating on (HK:9963) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Transtech Optelecom Science Holdings Limited stock, see the HK:9963 Stock Forecast page. More about Transtech Optelecom Science Holdings Limited Transtech Optelecom Science Holdings Limited is a Hong Kong–listed company in the optical fibre and telecommunications infrastructure sector, ultimately controlled by Futong Group entities. Its business is focused on supplying optical fibre and related communication products, serving telecom operators and other network infrastructure customers in mainland China and international markets. Average Trading Volume: 220,095 Technical Sentiment Signal: Buy Current Market Cap: HK$353.6M See more insights into 9963 stock on TipRanks’ Stock Analysis page.