bestvideopokersites| New Technology (09600.HK): 157,302,880 shares were placed, net price of approximately HK$0.277, raising approximately HK$43.6 million

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New New Technology (09600.HK) announced on May 7 that up to 157would be placed to independent third parties through placing agents.Bestvideopokersites302880 shares, with a total proceeds of about HK $44.04 million, are planned to supplement the working capital of the group The matching price is HK $0.28, which is 17.65% off the market price.

Text of news flash [new New Zealand Technology (09600.HK) announced a maximum of 157302880 shares on May 7] 09600.HK announced that the company signed a placing agreement with the placing agent on May 7. According to the agreement, New Zealand Technology agreed to pay HK $0.28 per share through the placing agent.

Bestvideopokersites{html}To place a maximum of 157302880 placing shares to not less than six independent third-party grantees. The maximum number of placing shares is 157302880, accounting for about 16.67 per cent of the issued share capital of the company after the allotment and issue. The placing price is about 17.65% off the closing price of HK $0.34 per share on May 7. The total and net proceeds are expected to be HK $44.04 million and HK $43.6 million respectively, with a net price of approximately HK $0.277 per placing share. Suntech plans to use the net proceeds to supplement the general working capital of the Group. The proceeds from the placement are expected to bring sufficient liquidity to the company to support its business development and operational needs. After the completion of this transaction, the shareholding structure of Xinu Technology will change, but the company will continue to focus on its core business to achieve long-term sustainable development. New New Technology is a company committed to providing financial technology services for enterprises and institutions, covering financial software development, financial data processing, financial consulting and other fields. The proceeds from this placement of shares will help the company to further expand its business scale and enhance its market competitiveness. The transaction of the placing shares of New New Technology is an important decision made by the company to achieve business development and fund-raising. Investors can keep a close eye on the follow-up progress of the deal for more information.{html}