New Fire Technology raised HKD 275.6 million by allocating shares to 5 subscribers

According to ChainCatcher news, the Hong Kong-listed company New Fire Technology announced the issuance of a total of 166 million subscription shares to 5 subscribers, equivalent to 22.08% of the company's enlarged share capital, with a subscription price of HKD 1.66 per share, representing a discount of 29.66% compared to the closing price of HKD 2.36 on June 27. The total amount raised is HKD 275.6 million.

Major shareholder Avenir Investment (Subscriber I) increased its stake in the company from 29.08% to 29.84%; LINEX Holdings Ltd. (Subscriber II) will subscribe for HKD 124 million, becoming the largest subscriber in this round, with a shareholding ratio reaching 10%; TX Capital Holdings Ltd. (Subscriber III) will hold 1%; Night Wood (Subscriber IV), wholly owned indirectly by executive director Zhang, will hold 3.43%; Rosen Holdings Ltd. (Subscriber V) will hold 0.48%.