Pine Technology Holdings Ltd. announced that it has entered into a placing agreement with a placing agent for the sale of up to 100 million new shares at a price of HK$0.30 per share under the company's general mandate. The placement represents an effort to raise additional equity capital. After completion, the shareholding of MicroNova Limited, the largest shareholder, will be reduced from 53.89% to 50.11%, assuming all placing shares are fully subscribed. The company stated that no equity fundraising activities have been conducted in the past twelve months prior to this announcement.
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-20251204-11945341), on December 04, 2025, and is solely responsible for the information contained therein.