CT VISION Completes Allotment of 30 Million Subscription Shares
Stock News
Jun 12
The subscription agreement's conditions have been fully satisfied, and the share placement was finalized on June 12, 2026.
A total of 30 million subscription shares have been allotted and issued to the subscriber.
These shares represent approximately 2.70% of the company's total issued share capital immediately before the completion and about 2.63% of the enlarged issued share capital following the issuance of all subscription shares.
The net proceeds from the subscription, after deducting related expenses, are estimated to be approximately HK$10.6 million.
The company intends to use the net proceeds from this placement to fund the development of the group's renewable energy business.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.