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Contel Technology Company Limited ( (HK:1912) ) just unveiled an announcement.
Contel Technology Company Limited, listed on the Hong Kong Stock Exchange, announced a placement of new shares under a general mandate. The company plans to issue up to 219,624,476 shares at a price of HK$0.065 per share, representing a discount to recent trading prices. This move aims to raise approximately HK$12.83 million net, primarily to repay existing debt and bolster working capital. The placement is contingent upon certain conditions being met, and the shares will be offered to independent third-party investors.
More about Contel Technology Company Limited
Average Trading Volume: 649,850
Technical Sentiment Signal: Sell
Current Market Cap: HK$88.95M
Find detailed analytics on 1912 stock on TipRanks’ Stock Analysis page.