Modern Innovative Digital Technology Announces HK$30 Million Share Placement

Reuters12-02

Modern Innovative Digital Technology Announces HK$30 Million Share Placement

Modern Innovative Digital Technology Co. Ltd. has announced a placing of up to 300,000,000 new shares under a general mandate, aiming to raise approximately HK$30 million in gross proceeds. After deducting related expenses, the net proceeds are expected to be around HK$29.3 million. The company intends to use the funds primarily as general working capital for its subsidiary, ChaoShang Securities Limited, to help meet regulatory financial resource requirements set by the Securities and Futures Commission. The placement is subject to the fulfillment of certain conditions and may or may not proceed to completion.

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. Modern Innovative Digital Technology Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251202-11939831), on December 02, 2025, and is solely responsible for the information contained therein.

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.

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