China Information Technology Development Announces Placing of New Shares Under General Mandate

Reuters11-19

China Information Technology Development Announces Placing of New Shares Under General Mandate

China Information Technology Development Ltd. has announced a placing of new shares under a general mandate. According to the company, a placing agreement was entered into with Glory Sun Securities Limited on 19 November 2025, under which the placing agent will procure at least six independent third-party investors to subscribe for up to 14,000,000 new shares at a placing price of HK$0.28 per share. The completion of the placing is subject to the terms and conditions set out in the agreement. The company advises shareholders and potential investors to exercise caution when dealing in its shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Information Technology Development Ltd. published the original content used to generate this news brief on November 19, 2025, and is solely responsible for the information contained therein.

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