On November 4, REALORD TEC-NEW rose 8.02% in Regular Trading, trading at HK$0.203, with turnover of HK$17.29 million.

The move followed the company’s announcement that the placing agent had procured an independent third-party investor, Jian Zishan, to subscribe for all 952.38 million placing shares at HK$0.21 per share, with completion expected on November 4.

The transaction represents about 16.51% of the existing issued share capital and about 14.17% of the enlarged share capital after the top-up subscription. Earlier disclosures showed gross proceeds of about HK$200 million and net proceeds of about HK$197 million, intended mainly for trade and other payables, project-related construction and design costs, and general working capital. The full take-up helps reduce execution uncertainty around the fundraising, although the share issuance still implies dilution.

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