On September 23, ZHIDA TECH rose 8.7% in regular trading, trading at HK$11.53/share with turnover of HK$75.37 million.
On the news front, the company announced a placement agreement to issue up to 23,670,550 new H shares at HK$8.77 per share, representing approximately 7.44% of existing issued H shares. Gross proceeds are estimated at approximately HK$208 million, with net proceeds of around HK$203 million. The placement will be conducted under the general mandate granted at the annual general meeting in April.
The capital raise comes amid strong recent momentum. The company's German subsidiary ZD ENERGY GmbH has officially established its factory, set to begin production in early next year to manufacture energy storage and charging systems for a well-known German automaker. First-half interim results showed overseas revenue reaching RMB 101 million, up 73.2% year-on-year, with the overseas revenue share jumping from 14.8% to 29.7%. Overseas charger sales surged approximately 110.5% to a record high, with Thailand, Brazil, and the UAE contributing about 82.6% of overseas revenue.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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