Realord Tech Places 952.38 Million Shares at HK$0.21; New Investor to Hold 14.17% Post-Subscription

Bulletin Express
Nov 03

Realord Technology Company Limited (Realord Tech) has secured a single placee, Ms. Kan Chi San, for its previously announced placing of 952.38 million existing shares at HK$0.21 per share. The transaction, scheduled to complete on 4 November 2026, represents 16.51% of the company’s current issued share capital and will account for 14.17% following the subsequent top-up subscription of new shares.

• Placing structure and value – Shares placed: 952.38 million – Placing price: HK$0.21 per share – Implied gross proceeds to the seller: approximately HK$200.00 million

• Shareholding impact – Upon completion of the placing, Ms. Kan Chi San will become a substantial shareholder under Hong Kong Listing Rules. – Her stake will equate to 14.17% of the enlarged share capital after the company issues top-up subscription shares.

• Next steps – The top-up subscription will proceed once all conditions are met, including approval from the Stock Exchange’s Listing Committee and the granting of a waiver by the Executive. – The company will release a further announcement on the completion of the top-up subscription.

Realord Tech advises shareholders and prospective investors to exercise caution when dealing in its securities, as completion of the top-up subscription remains subject to the satisfaction of the stipulated conditions.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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