TRANSTECH Plans to Raise Approximately HK$279 Million Through Share Placement at 8.5% Discount

Stock News08-14

TRANSTECH has announced a placement agreement with joint placing agents on August 14, 2026, after trading hours, to issue up to 40 million shares at HK$7.00 per share on a best-effort basis to at least six independent placees.

The placement shares represent approximately 11.5% of the total issued shares as of the announcement date and roughly 10.3% of the enlarged issued share capital after completion, assuming no other changes in share count occur during the period.

The placement price of HK$7.00 per share reflects a discount of about 8.50% compared to the closing price of HK$7.65 per share on the Stock Exchange on the date of the agreement. If all shares are fully placed, the total gross proceeds are expected to be around HK$280 million.

After deducting all applicable costs and expenses, including placement commissions and levies, the net proceeds will amount to approximately HK$279 million, translating to a net price of about HK$6.98 per placement share.

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