ITC PROPERTIES is raising funds through a placement and issuing warrants amounting to HKD 470 million, with Legislative Council member Wu Jietzhuang participating in the subscription
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ITC PROPERTIES (199) received increased holdings from Legislative Council member Wu Jietzhuang and Rui Kai Group, and after being suspended, placed a placement of 11.5 million shares at HKD 1.14 and 130 million shares, raising over HKD 160 million. Rui Kai also subscribed to 180 million warrants, providing nearly HKD 307 million in funding. After the subscription, Chen Guoqiang's shareholding decreased to 46.02%, while Rui Kai increased to 20.08%. The funds will be used for the transformation of the real estate business and the Web3 ecosystem. ITC PROPERTIES is primarily engaged in property development and investment
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