Champion Technology Plans HK$34 Million Share Placing to Fund Green Energy Expansion

Champion Technology Holdings ( (HK:0092) ) has shared an announcement.

Champion Technology Holdings Limited has entered into a placing agreement with Kingston Securities Limited to issue up to 196,932,000 new shares, representing about 20% of its existing share capital, at HK$0.176 per share under its general mandate. The discounted placing, which is subject to Stock Exchange approval for listing and dealing in the new shares, is expected to raise net proceeds of approximately HK$34 million, earmarked roughly HK$12 million for general working capital and HK$22 million for the group’s existing renewable and green energy businesses and potential new investments, signaling a push to reinforce its capital base and support growth in its energy-related operations.

The most recent analyst rating on (HK:0092) stock is a Hold with a HK$0.18 price target. To see the full list of analyst forecasts on Champion Technology Holdings stock, see the HK:0092 Stock Forecast page.

More about Champion Technology Holdings

Champion Technology Holdings Limited is a Bermuda-incorporated company listed on the Hong Kong Stock Exchange. The group has diversified operations that include existing renewable energy and green energy businesses, alongside other investment activities, and it is seeking additional working capital to support these segments and future opportunities.

YTD Price Performance: 1.72%

Average Trading Volume: 751,075

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$174.3M

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