LVJI TECH Plans Premium Share Issuance to Raise Approximately HK$15.34 Million Net

Stock News09-16 20:50

LVJI TECH (01745) has announced a strategic move to strengthen its financial position. On September 16, 2026, the company entered into an agreement to allot and issue a total of 3.96 million subscription shares to subscribers. These new shares represent approximately 7.82% of the company's existing issued share capital as of the announcement date, and about 7.26% of the enlarged issued share capital following the allotment.

The subscription price is set at HK$4.00 per share, reflecting a premium of roughly 42.35% over the closing price of HK$2.810 per share on September 16. The total gross proceeds from the subscription are expected to reach approximately HK$15.84 million, with estimated net proceeds of about HK$15.34 million after related expenses.

Where the funds will go

The company plans to deploy these proceeds to secure additional working capital, supporting its long-term development and growth trajectory. Specifically, HK$10 million will be allocated to the production of a next-generation AI-powered online electronic guide, while the remaining HK$5.34 million is earmarked to boost capital for its robotics project. This capital injection underscores LVJI TECH's commitment to advancing its technological capabilities and expanding its business horizons.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment