Time Interconnect Technology Limited (Stock Code: 1729) announced a placing of 108,000,000 new shares at HK$15.22 each. The placing price represents a discount of approximately 14.97% to the HK$17.90 closing price on 9 February 2026. Macquarie Capital Limited acts as the sole placing agent.

The gross proceeds from the placement are expected to reach approximately HK$1,643.8 million, with net proceeds of about HK$1,634.5 million. The company intends to allocate roughly 50% of the net proceeds to strategic investments and acquisitions, 30% to global business expansion, and 20% toward working capital and general corporate purposes.

The new shares will be issued under the general mandate granted at the company’s annual general meeting on 23 May 2025. Upon completion, the placing shares will account for around 5.16% of the enlarged share capital. The closing of the placing remains subject to certain conditions, including approval from the Stock Exchange. The company advises shareholders and potential investors to exercise caution when dealing in its securities.