CT VISION(00994) to place news shares at a premium X

28/05/2026 15:14

(Infocast News) CT VISION(00994)said that on 27 May 2026 (after trading hours), The subscriber, Arta Asset Management, has agreed to subscribe for 30 million shares of the company, representing approximately 2.63% of the enlarged issued share capital. The subscription price is HK$0.36 per share, representing a premium of approximately 4.35% over the closing price of HK$0.345 on May 27. The gross proceeds will amount to HK$10.8 million, with net proceeds of approximately HK$10.6 million intended to be used for developing the renewable energy business.

Additionally, the company will place up to 150 million shares on a best-efforts basis, representing approximately 11.9% of the enlarged issued share capital. The placing price is HK$0.36 per share. The gross proceeds from the placing will be HK$54 million, with net proceeds of approximately HK$53 million. The company plans to use HK$33 million to develop its renewable energy business and approximately HK$20 million to develop its aerospace business.

Arta Asset Management is a wholly-owned subsidiary of Arta TechFin (00279).

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