IDT International Plans Discounted Share Placement to Raise HK$160.7 Million

IDT International Limited ( (HK:0167) ) has shared an update.

IDT International Limited has signed a placing agreement with Ruibang Securities Limited to issue up to 86,666,436 new shares under its existing general mandate, representing about 20% of its current issued share capital and 16.67% of the enlarged share base. The new shares will be placed at HK$1.88 each, at a notable discount to recent market prices, with estimated net proceeds of approximately HK$160.7 million for the company.

The placement, which does not require separate shareholder approval because it uses the general mandate, is expected to raise fresh capital that can strengthen the company’s balance sheet and support future operational or strategic initiatives. However, completion remains conditional on the terms of the placing agreement being met, and the transaction will dilute existing shareholders while potentially broadening the investor base through at least six new placees.

The most recent analyst rating on (HK:0167) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on IDT International Limited stock, see the HK:0167 Stock Forecast page.

More about IDT International Limited

IDT International Limited, incorporated in Bermuda and listed in Hong Kong, operates as a diversified company whose shares trade on the Main Board of the Stock Exchange of Hong Kong under stock code 167. The group raises capital periodically on the equity market and engages securities firms as placing agents to support its funding and growth needs within its operating segments.

Average Trading Volume: 700,828

Current Market Cap: HK$944.7M

See more data about 0167 stock on TipRanks’ Stock Analysis page.