China In-Tech (HKG:0464) said its joint placing agents expect a delay in the completion of placing 46 million new shares of the company as the agents need additional time for the completion, a Monday bourse filing said.

The company had agreed to place up to 46 million new shares at HK$0.225 apiece to at least six independent places through the joint placing agents on Jan. 20, seeking to raise HK$10.4 million in funds for its general working capital.

The to-be-placed shares represent about 7.20% of the enlarged issued share capital of the company.