China Strategic Technology Group Limited (C Strategic Tec) has finalised its share placing under a specific mandate, with completion occurring on 9 April 2026. All conditions in the placing agreement have been satisfied.
Key transaction terms • Shares issued: 53.41 million new shares • Issue price: HK$0.560 per share • Immediate pre-placing share capital: 765 million shares • Post-placing share capital: 818.41 million shares • Dilution: the newly issued shares equate to 6.98% of the pre-placing share base and 6.53% of the enlarged share capital.
Proceeds and intended use The combined subscription and placing generated gross proceeds of approximately HK$120.03 million. Net proceeds of up to HK$117.84 million, after fees and commissions, are earmarked as follows: 1. 65.31% (about HK$77.00 million) for repayment of shareholder loans provided by HKATH (BVI) and Vision on 17 March 2025. 2. 34.69% (about HK$40.84 million) for general working capital.
Shareholding impact • Substantial shareholders Hong Kong Aerospace Technology Holdings (BVI) and Vision International Group collectively maintain 12.09% of the company post-placing, down from 12.93%. • Individual investor Ms. Ren Yue holds 12.22%, compared with 13.07% previously. • The placing introduced at least six new investors, who collectively own 6.53% of the enlarged share base. • Public float increased, with “Subscriber II” shifting from a non-public to public shareholder as its stake was diluted below 10%.
Governance The board continues to comprise Chairman and Executive Director Gu Lin, Deputy Chairman Chen Youan, executive directors Lu Huasheng, Zhang Yuanqi and Ma Fujun, alongside independent non-executive directors Yao Xinguo, Boris Tadić and Chow Yin Kwan Yvonne.
The successful completion of the placing expands C Strategic Tec’s capital base and strengthens liquidity ahead of scheduled loan repayments and ongoing operational requirements.
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