New Fire Technology raises HK $275.60 million from 5 subscribers
2025-06-30 00:35:26
New Fire Technology, a Hong Kong-listed company, announced the issuance of a total of 166 million subscription shares to five subscribers, equivalent to 22.08% of the company's enlarged share capital, with a subscription price of HK $1.66 per share, a discount of 29.66% from the closing price of HK $2.36 on June 27, and the total proceeds are HK $275.60 million. Major shareholder Avenir Investment (subscriber I) increased its shareholding in the company from 29.08% to 29.84%; LINEX Holdings Ltd. (subscriber II) will subscribe for HK $124 million, becoming the largest subscriber in this round, with a shareholding ratio of 10%.; TX Capital Holdings Ltd. ( Subscriber III will hold 1%; NightWood (Subscriber IV), which is indirectly wholly owned by Executive Director Zhang, will hold 3.43%; and Rosen Holdings Ltd. (Subscriber V) will hold 0.48%.
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