Newlink Technology Raises HK$17.9 Million Through Share Placement for Working Capital

An update from Newlink Technology Inc. ( (HK:9600) ) is now available.

Newlink Technology Inc. has completed a share placement under its general mandate, issuing 60 million new shares at HK$0.30 each on 11 February 2026, representing about 5.98% of its enlarged share capital. The new shares were placed with an independent investor, increasing the placee’s stake from 1.32% to 7.22% while diluting major shareholders’ percentages slightly but leaving their absolute holdings unchanged.

The placement raised net proceeds of approximately HK$17.9 million, which the company plans to use entirely for general working capital. According to the allocation plan, 60% of the funds will go to employee salaries, 20% to professional fees and 20% to utilities and other costs, signaling a focus on bolstering day-to-day operations rather than funding new projects or acquisitions.

The enlarged capital base may provide Newlink with greater financial flexibility to support its existing business in a challenging market environment. However, the transaction modestly dilutes existing shareholders, as total shares outstanding rose from about 943.8 million to roughly 1.0 billion following the completion of the placement.

The most recent analyst rating on (HK:9600) stock is a Hold with a HK$0.22 price target. To see the full list of analyst forecasts on Newlink Technology Inc. stock, see the HK:9600 Stock Forecast page.

More about Newlink Technology Inc.

Newlink Technology Inc. is a Cayman Islands-incorporated company listed in Hong Kong, operating in the technology sector. Its shareholder base includes founding and management figures such as chairman Zhai Shuchun and other senior executives, alongside public investors and a growing institutional component via placement.

Average Trading Volume: 983,370

Technical Sentiment Signal: Hold

Current Market Cap: HK$232.2M

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