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.
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