ZHIDA TECH Announces Proposed Placement of Up to 23.67 Million Shares, Targeting Net Proceeds of Approximately HK$203 Million

Stock News09-23 08:24

ZHIDA TECH (02650) has announced that on September 23, 2026, the company proposed to place up to 23.67055 million placement shares, representing approximately 7.44% of the total issued H-shares as of the announcement date, and approximately 6.93% of the total issued H-shares after the completion of the placement. The placement price is set at HK$8.77 per placement share.

Assuming the placement shares are fully subscribed, the total gross proceeds and net proceeds from the placement are expected to be approximately HK$207.6 million and HK$203 million, respectively. The net proceeds from the placement are planned to be utilized in the following manner:

(a) 20% for the construction of new production facilities and the purchase of equipment for the group's energy management services; (b) 30% for the acquisition of businesses related to the group's deployment of public charging infrastructure; (c) 30% for investment in businesses operating upstream and downstream of robotic product manufacturing; (d) 20% as general working capital for the group.

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