IB DIGITAL TECH (01782) announced on November 20, 2025, its proposal to place up to 28 million shares at HK$3.60 per share through a placing agent. The placing price represents an 8.86% discount to the closing price of HK$3.95 per share on the Hong Kong Stock Exchange on the agreement date.
The maximum net proceeds from the placement are expected to reach approximately HK$99.72 million. The company plans to allocate about 65.18% of the funds to develop three new technologies, aiming to enhance its APM business segment with innovative products and services. This allocation is expected to be fully utilized by December 31, 2027.
Approximately 20.06% of the proceeds will support the timely and orderly deployment of virtual asset services in overseas markets, pending final regulatory approvals and expansion opportunities. These funds are also projected to be fully utilized by December 31, 2027.
The remaining 14.76% will be allocated for general working capital purposes, with full utilization anticipated by the same deadline.