Hong Kong listed company New Fire Technology raises over HKD 270 million through rights issue to 5 subscribers

According to Yahoo Finance, Hong Kong listed company New Fire Technology (01611. HK) announced the issuance of a total of 166 million subscription shares to five subscribers, equivalent to 22.08% of the company's expanded share capital, at a subscription price of HKD 1.66 per share, a discount of 29.66% from the closing price of HKD 2.36 on June 27, with a total proceeds of HKD 275.6 million. Avenir Investment (subscriber I), the major shareholder, increased its shareholding in the company from 29.08% to 29.84%; LINEX Holdings Ltd. (subscriber II) will subscribe for HKD 124 million, becoming the largest subscriber in this round and holding a 10% stake.; TX Capital Holdings Ltd. (subscriber III) will hold 1% of the shares; Night Wood (subscriber IV), indirectly wholly owned by executive director Zhang, will hold 3.43% of the shares; Rosen Holdings Ltd. (subscriber V) will hold 0.48% of the shares.