Shareholder of TIME INTERCON (01729) Deposits Shares into HSBC, Custodial Value at HK$2.803 Billion

Stock News05-20 08:22

According to the latest information from the Hong Kong Stock Exchange, on May 19, a shareholder of TIME INTERCON (01729) deposited shares into The Hongkong and Shanghai Banking Corporation Limited. The custodial value of these shares is HK$2.803 billion, representing 6.6% of the company's share capital.

TIME INTERCON announced that all conditions under the placing agreement have been fulfilled, and the placing was completed on May 19, 2026, in accordance with the terms and conditions of the agreement. A total of 138 million placing shares, representing approximately 6.60% of the company's then-existing issued share capital prior to completion and approximately 6.19% of the enlarged issued share capital following completion, were successfully placed to no fewer than six placees at a placing price of HK$21.00 per share. The net proceeds from the placing amount to approximately HK$2.885 billion.

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