Time Interconnect Allots 138.10 Million New Shares via HKD 21 Placement, Enlarging Share Base by 6.6%

Bulletin Express05-19

Time Interconnect Technology Limited (Time Interconnect) completed the issue and allotment of 138.10 million new ordinary shares on 19 May 2026 under a placing agreement signed on 11 May 2026.

The new shares were placed at HKD 21.00 each, implying gross proceeds of approximately HKD 2.90 billion. Prior to the placement, Time Interconnect had 2.09 billion shares outstanding; post-placement, the issued share capital expanded to 2.23 billion shares, representing a 6.6 % increase.

No treasury shares were outstanding before or after the transaction. The company confirmed that the placement was duly authorised by the board and executed in compliance with all applicable Hong Kong Stock Exchange listing rules and legal requirements.

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

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1193888666?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-19 18:46","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1193888666","market":"us","top_or_hot":-1,"title":"Time Interconnect Allots 138.10 Million New Shares via HKD 21 Placement, Enlarging Share Base by 6.6%","media":"Bulletin Express","content":"<p>Time Interconnect Technology Limited (Time Interconnect) completed the issue and allotment of 138.10 million new ordinary shares on 19 May 2026 under a placing agreement signed on 11 May 2026.</p>\n<p>The new shares were placed at HKD 21.00 each, implying gross proceeds of approximately HKD 2.90 billion. Prior to the placement, Time Interconnect had 2.09 billion shares outstanding; post-placement, the issued share capital expanded to 2.23 billion shares, representing a 6.6 % increase.</p>\n<p>No treasury shares were outstanding before or after the transaction. The company confirmed that the placement was duly authorised by the board and executed in compliance with all applicable Hong Kong Stock Exchange listing rules and legal requirements.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Time Interconnect Allots 138.10 Million New Shares via HKD 21 Placement, Enlarging Share Base by 6.6%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTime Interconnect Allots 138.10 Million New Shares via HKD 21 Placement, Enlarging Share Base by 6.6%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1053168898\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Bulletin Express </p>\n<p class=\"h-time\">2026-05-19 18:46</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Time Interconnect Technology Limited (Time Interconnect) completed the issue and allotment of 138.10 million new ordinary shares on 19 May 2026 under a placing agreement signed on 11 May 2026.</p>\n<p>The new shares were placed at HKD 21.00 each, implying gross proceeds of approximately HKD 2.90 billion. Prior to the placement, Time Interconnect had 2.09 billion shares outstanding; post-placement, the issued share capital expanded to 2.23 billion shares, representing a 6.6 % increase.</p>\n<p>No treasury shares were outstanding before or after the transaction. The company confirmed that the placement was duly authorised by the board and executed in compliance with all applicable Hong Kong Stock Exchange listing rules and legal requirements.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01729","symbol_name":"汇聚科技","start_time":0,"source_url":"","article_id":"1193888666","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1193888666","pubTimestamp":1779187570,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"Time Interconnect Technology Limited (Time Interconnect) completed the issue and allotment of 138.10 million new ordinary shares on 19 May 2026 under a placing agreement signed on 11 May 2026. The...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"01729":"汇聚科技"},"translate_title":"时代互联以21港元配售方式配售1.381亿股新股，股份基础扩大6.6%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01729":1},"content_text":"Time Interconnect Technology Limited (Time Interconnect) completed the issue and allotment of 138.10 million new ordinary shares on 19 May 2026 under a placing agreement signed on 11 May 2026.\nThe new shares were placed at HKD 21.00 each, implying gross proceeds of approximately HKD 2.90 billion. Prior to the placement, Time Interconnect had 2.09 billion shares outstanding; post-placement, the issued share capital expanded to 2.23 billion shares, representing a 6.6 % increase.\nNo treasury shares were outstanding before or after the transaction. The company confirmed that the placement was duly authorised by the board and executed in compliance with all applicable Hong Kong Stock Exchange listing rules and legal requirements.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding,SGX","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1193888666","isCrawlerRequest":true}