Howkingtech International (HKG:2440) is looking to raise up to HK$153 million from a rights issue on the basis of one rights share for every two existing shares held by the qualifying shareholders, a Wednesday Hong Kong bourse filing said.

The information technology company plans to issue a maximum of 122,659,756 rights shares at HK$1.262 apiece.

The company will use proceeds from the issue to replenish general working capital and support strategic expansion and development in next-generation technology and businesses built on existing technology operations.