TIME INTERCON (01729) fell more than 5% again, dropping 5.03% to HK$17 by the time of writing, with a turnover of HK$179 million. The decline follows the company's announcement of a planned placement of 108 million shares at HK$15.22 per share, a discount of 14.97% to the previous trading day's closing price. The net proceeds are expected to be approximately HK$1.6345 billion. About 50% of the funds will be used to support the group's strategic investments and acquisitions; around 30% will be allocated to developing global operations and expanding overseas business; and the remaining 20% is earmarked for working capital and general corporate purposes to support the group's business operations and growth. Notably, this marks the company's second refinancing within six months. In August 2025, TIME INTERCON raised HK$330 million through the issuance of consideration shares as part of the payment for acquiring the entire equity of Dejinchang Investment. This acquisition provided the company with copper material production bases in China, Thailand, and Vietnam, extending its reach into the upstream supply chain.