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InvesTech Holdings Limited ( (HK:1087) ) has provided an announcement.
InvesTech Holdings Limited has entered into a placing agreement to issue up to 39,977,600 new shares under its existing general mandate at HK$0.67 per share to at least six independent placees. The placing price represents a discount to recent market prices and the new shares will account for 20% of the current issued share capital and about 16.67% of the enlarged capital base.
If fully subscribed, the share placement will raise gross proceeds of approximately HK$26.8 million, with estimated net proceeds of about HK$25.8 million after expenses including a 3% placing commission. The transaction, which does not require further shareholder approval but remains subject to conditions and potential termination by the placing agent, is intended to strengthen the company’s capital position and may lead to dilution for existing shareholders while broadening its investor base.
More about InvesTech Holdings Limited
InvesTech Holdings Limited is a Hong Kong-listed company incorporated in the Cayman Islands and continued in Bermuda, operating through its presence on the Stock Exchange of Hong Kong. The company raises capital in the equity market and maintains a shareholder base that includes independent third-party investors, using general mandates to issue new shares when needed.
Average Trading Volume: 2,050,129
Technical Sentiment Signal: Buy
Current Market Cap: HK$167.9M
See more data about 1087 stock on TipRanks’ Stock Analysis page.