Synertone Communication Corporation disclosed its Monthly Return for the period ended 30 June 2026, highlighting a substantial expansion of its share base driven by a late-June placement.
Key developments
1. Placement drives 186.55% jump in issued shares • On 29 June 2026 the company issued 1.00 billion new ordinary shares at HK$0.108 each, following shareholder approval on 08 May 2026. • Issued share count rose from 535.86 million to 1.54 billion. • Based on the placement price, gross proceeds amount to approximately HK$108.00 million. • No treasury shares were created, transferred or cancelled during the month.
2. Authorised capital unchanged • Authorised share capital remains at 4.00 billion ordinary shares with a par value of HK$0.10, equivalent to HK$400.00 million.
3. Public float intact • The company confirmed compliance with the Main Board’s 25 % minimum public-float requirement as at 30 June 2026.
4. Share-option position • Outstanding options under the scheme granted on 26 April 2024 total 10.79 million shares; no options were exercised during the month.
With the placement completed, Synertone’s issued share capital materially increased while authorised limits and treasury-share balances remain unchanged.