Champion Technology to Raise HK$34 Million via Discounted Share Placing for Energy Expansion

Champion Technology Holdings ( (HK:0092) ) has issued an update.

Champion Technology Holdings has entered into a placing agreement with Kingston Securities to issue up to 196,932,000 new shares, representing about 20% of its existing share capital, at HK$0.177 per share under its general mandate. The discounted placing, which is subject to Stock Exchange approval for listing and dealing of the new shares, is expected to raise approximately HK$34 million in net proceeds, earmarked roughly HK$12 million for general working capital and HK$22 million to support its existing renewable and green energy businesses as well as potential new investments, signaling continued capital deployment into its energy portfolio and potential dilution for existing shareholders.

The most recent analyst rating on (HK:0092) stock is a Sell 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 in Hong Kong that has diversified into renewable and green energy businesses alongside its existing operations. The group focuses on deploying capital into its current energy-related segments and opportunistic investments to support growth and general working capital needs.

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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