Zhitong Finance APP Newsmegawaysbuffalorising, New New Technology (09600) announcedmegawaysbuffalorising, on May 7, 2024, the company intends to issue a placing price of 0 per placing share through a placing agentmegawaysbuffalorising. 28 HK$1.28 placed to no less than six placees up to approximately 1megawaysbuffalorising.57.3 million placed shares, accounting for approximately 16.67% of the enlarged share capital, and the placing price represented a discount of approximately 17.65% to the closing price of HK$0.34 per share on the day.
Assuming that up to approximately 157.3 million placing shares have been fully placed, a net raise of approximately HK$43.6 million is intended to be used to supplement the group's general working capital.
