Smart Digital Technology Group Ltd. Announces New Share Placing to Fund Debt Repayment, Business Development, and Working Capital Replenishment
Reuters
Jul 16
<a href="https://laohu8.com/S/SDM">Smart Digital</a> Technology Group Ltd. Announces New Share Placing to Fund Debt Repayment, Business Development, and Working Capital Replenishment
Smart Digital Technology Group Ltd. has outlined its strategic plans following the announcement of new share placements under a general mandate. The company aims to utilize approximately HK$38.7 million in net proceeds for several key initiatives. By December 31, 2025, the company plans to allocate HK$22.9 million towards the repayment of debts. Additionally, HK$11.8 million will be directed towards the development of new business opportunities, particularly in expanding its footprint in new energy and renewable energy sectors. The company has entered into a cooperation agreement with a partner in the PRC to focus on the research and development of new energy storage technologies and energy-saving equipment. Furthermore, HK$4.0 million of the proceeds will be used to replenish working capital, covering expenses such as payroll, professional and administrative fees, and other corporate costs anticipated in late 2025 and early 2026.
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. Smart Digital Technology Group Ltd. published the original content used to generate this news brief on July 16, 2025, and is solely responsible for the information contained therein.
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.