Pine Technology Holdings Announces New Share Placement Under General Mandate

Reuters

12/12

Pine Technology Holdings Announces New Share Placement Under General Mandate

Pine Technology Holdings Ltd. has announced a placing of new shares under a general mandate. According to a supplemental announcement, the company aims to provide additional information regarding the reasons for the placement and the specific use of proceeds. The board stated that as of 30 June 2025, the group held approximately HK$68.5 million in bank balances and cash, and has since utilized internal resources to support its core business of distributing computer components and consumer electronic products. The placement is intended to address the group's funding needs and support ongoing business operations.

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-20251212-11953827), on December 12, 2025, and is solely responsible for the information contained therein.

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