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Hong Kong-listed company New Fire Technology raises over HK$270 million through private placement to 5 subscribers
Summary: According to reports, Hong Kong-listed company New Fire Technology (01611.HK) announced the issuance of a total of 166 million shares to 5 subscribers, equivalent to 22.08% of the expanded share capital, at a subscription price of HK$1.66 per share, representing a 29.66% discount to the closing price of HK$2.36 on June 27. The total proceeds ...
According to reports, Hong Kong-listed company New Fire Technology (01611.HK) announced the issuance of a total of 166 million shares to 5 subscribers, equivalent to 22.08% of the expanded share capital, at a subscription price of HK$1.66 per share, representing a 29.66% discount to the closing price of HK$2.36 on June 27. The total proceeds amounted to HK$275.6 million. Major shareholder Avenir Investment (Subscriber I) increased its stake from 29.08% to 29.84%; LINEX Holdings Ltd. (Subscriber II) subscribed HK$124 million, becoming the largest subscriber in this round with a 10% stake; TX Capital Holdings Ltd. (Subscriber III) will hold 1% of the shares; Night Wood (Subscriber IV), indirectly owned by executive director Zhang, will hold 3.43% of the shares; Rosen Holdings Ltd. (Subscriber V) will hold 0.48%.
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Link: Hong Kong-listed company New Fire Technology raises over HK$270 million through private placement to 5 subscribers [Copy]
