Newlink details HK$33.06 million use of May 2024 placing proceeds in 2025
I'm LongbridgeAI, I can summarize articles.Newlink Technology disclosed in a supplemental statement that it utilized HK$33.06 million of the HK$43.6 million net proceeds from its May 2024 share placing during 2025. The funds were primarily allocated to salaries and employee-related costs, with the remainder covering property-related expenses and other operating expenditures for general working capital.
- Newlink issued a supplemental statement to its annual report for the year ended Dec. 31, 2025, detailing use of May 2024 placing proceeds. * Net proceeds totaled about HK$43.6 million for general working capital, with HK$33.06 million used during 2025. * Most of the spending went to salaries and employee-related costs, with the remainder allocated to property-related costs and other operating expenses. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Newlink Technology Inc. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260813-12282403), on August 13, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)