Shanghai Voicecomm Information Technology Co Ltd Class H ( (HK:2495) ) has shared an update.

Voicecomm Technology Co., Ltd. has entered into a third supplemental agreement with a strategic shareholder to adjust the size of its planned issue of new H shares under a general mandate. The number of Subscription Shares C to be allotted has been reduced from 2,241,684 to 2,198,488, while all other terms of the subscription arrangement remain unchanged.

The revised subscription will represent about 5.54% of the company’s existing share capital and approximately 5.25% of the enlarged share capital upon completion. The subscription price of HK$46.3 per share reflects a notable premium to recent market prices, and the directors describe it as fair and reasonable, with expected net proceeds of around HK$101.3 million earmarked in line with previously disclosed funding allocation plans, reinforcing a long-term strategic relationship with the subscriber.