New Fire Technology has issued 166 million shares, raising 275.6 million HKD, with the largest subscriber obtaining 10% equity.

[Bitpush] Hong Kong listed company New Fire Technology (01611.HK) announced the issuance of a total of 166 million subscription shares to 5 subscribers, accounting for 22.08% of the company's expanded share capital, with a subscription price of 1.66 HKD per share, a discount of 29.66% compared to the closing price of 2.36 HKD on June 27. The total amount raised is 275.6 million HKD. Major shareholder Avenir Investment (Subscriber I) will increase its shareholding from 29.08% to 29.84%; a certain company (Subscriber II) will subscribe for 124 million HKD, becoming the largest subscriber in this round, with a shareholding ratio reaching 10%. TX Capital Holdings Ltd. (Subscriber III) will hold 1%; Night Wood, wholly owned indirectly by executive director Zhang (Subscriber IV), will hold 3.43%; Rosen Holdings Ltd. (Subscriber V) will hold 0.48%.