Rego Interactive (HKG:2422) agreed to place up to 160 million new shares to at least six investors at HK$0.435 apiece to raise net proceeds of HK$68.6 million, a Tuesday Hong Kong bourse filing said.

The shares represent around 9.64% of the marketing services provider's enlarged issued share capital.

The firm plans to use proceeds to develop and expand its private domain traffic marketing services business and replenish its general working capital.