IDT International Limited (IDT INT’L, 00167) has completed the placement of 86.65 million new shares under its existing general mandate, according to a filing with the Hong Kong Stock Exchange on 12 March 2026.
Key transaction terms • Placement price: HK$1.88 per share • Gross proceeds: approximately HK$162.92 million • Net proceeds (after fees and expenses): approximately HK$160.68 million • New shares issued represent 16.66% of the enlarged share capital, increasing total issued shares from 433.33 million to 519.98 million.
Use of proceeds Management intends to allocate 50.00% (about HK$80.34 million) to establish and develop a new strategic initiative and the remaining 50.00% (about HK$80.34 million) to replenish general working capital.
Shareholding impact Immediately after completion, the ownership structure is as follows: • Hunglap: stake diluted from 47.03% to 39.19% • Horizon Heights: stake diluted from 25.11% to 20.93% • The six or more placees collectively hold 16.66% • Other public shareholders: 23.22%
Regulatory and governance notes All placees are classified as independent third parties, and none will become a substantial shareholder. The company will file the requisite documentation with the China Securities Regulatory Commission (CSRC).
Board composition on the announcement date: one executive director, two non-executive directors and three independent non-executive directors.
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