China Castson 81 Finance Completes Undersubscribed Rights Issue to Fund New Energy and AI Investments

China Internet Investment Finance Holdings Ltd. ( (HK:0810) ) has shared an update.

China Castson 81 Finance Company Limited has completed a rights issue on the basis of five rights shares for every two existing shares at HK$0.102 per share, raising net proceeds of about HK$49.24 million. Although only around 53.7% of the rights shares were taken up by shareholders and no unsubscribed shares were placed in the market, the issue became unconditional after the underwriter, Goodchamp, subscribed for all remaining 235,844,989 untaken rights shares, consolidating its stake and ensuring the capital raise went ahead as planned.

The company plans to allocate roughly 70% of the funds, or about HK$34.47 million, to investments in listed and unlisted securities, including equity in companies engaged in photovoltaics, renewable energy, hydrogen energy, energy storage, artificial intelligence and digital assets, by the end of 2026. The remaining 30%, or about HK$14.77 million, will be used for general working capital needs such as staff costs, professional fees, administrative expenses and other operating costs through March 2027, supporting both its expansion into high-growth sectors and the stability of its ongoing operations.

More about China Internet Investment Finance Holdings Ltd.

China Castson 81 Finance Company Limited is a Bermuda-incorporated investment and finance company listed in Hong Kong. It focuses on deploying capital into listed and unlisted securities, targeting sectors such as new energy solutions, artificial intelligence and digital assets, while also supporting its broader financial services and investment operations with working capital.

Average Trading Volume: 1,624,388

Technical Sentiment Signal: Sell

Current Market Cap: HK$86.96M

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