CHINA PPT INV (00736) announced that on September 25, 2025 (after trading hours), the company entered into 6 separate subscription agreements with 6 individual third parties. Under these agreements, the company has conditionally agreed to allot and issue a total of 53.433 million subscription shares to the subscribers at a subscription price of HK$0.43 per subscription share.
The total of 53.433 million subscription shares represents approximately 16.67% of the enlarged issued share capital upon allotment and issuance of the subscription shares. The subscription price of HK$0.43 per subscription share represents a discount of approximately 18.87% to the closing price of HK$0.53 per share quoted on The Stock Exchange of Hong Kong Limited on September 25, 2025.
The estimated gross proceeds and net proceeds from the subscription will be approximately HK$22.97 million respectively. The company intends to apply the net proceeds from the subscription as follows: for investment in cryptocurrency; and for supplementing working capital and other corporate purposes.