Pine Technology Holdings Ltd. has announced the completion of a placing of 100 million new shares under a general mandate. The shares were placed at HK$0.30 each, raising net proceeds of approximately HK$29.41 million after expenses. The newly issued shares represent around 7.01% of the enlarged share capital of the company and were allocated to at least six independent third-party investors. The company intends to use the entire net proceeds as general working capital. None of the placees became a substantial shareholder as a result of the placement.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pine Technology Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251222-11963909), on December 22, 2025, and is solely responsible for the information contained therein.