NET-A-GO TECH issues 80 million new shares at a 19% discount to independent investment portfolios, raising HKD 70.4 mill…
I'm LongbridgeAI, I can summarize articles.NET-A-GO TECH announced the issuance of 80 million new shares at HKD 0.88 per share to an independent investment portfolio of S Harmony Investment Fund SPC, raising HKD 70.4 million. This price represents a discount of approximately 18.5% compared to last Friday's closing price of HKD 1.08, with the new shares accounting for about 9.76% of the enlarged share capital. 60% of the raised funds will be used for existing operations and business development, while 40% will be allocated for general working capital
According to a report from Economic Information Agency on the 2nd, NET-A-GO TECH (01483) announced the issuance of 80 million new shares at HKD 0.88 per share to the independent investment portfolio of S Harmony Investment Fund SPC, raising HKD 70.4 million.
The group stated that the price per share represents a discount of approximately 18.5% compared to the closing price of HKD 1.08 last Friday (30th), and the new shares will account for approximately 9.76% of the enlarged share capital. It plans to use 60% of the net proceeds from the placement for existing operations and business development, as well as for potential investments in embodied intelligent robots and related opportunities, with 40% allocated for general working capital. (wh)