China Bank Technology (00515) announced that on January 31, 2024, the company plans to issue a total of approximately 134 million subscription shares to Huang Jianhui, Chen Fubing, Zhao Zhengchun and Chen Hui. The subscription price is HK$0.10 per subscription share, a premium of about 42.86% over the closing price of HK$0.070 per share.
The subscription process raised approximately HK$13.2 million, approximately HK$11.2 million to repay the Group's maturing debts and liabilities, and HK$2 million for the Group's working capital (such as salaries, rent payments, professional expenses and office expenses).