Vision Tech to raise HK$4.3mln by top-up placement

Vision Tech International (0922) announced that Active Market, the major shareholder of the company, agreed to place 14mln existing shares to seven independent investors at HK$0.2 each and subscribe 21.50mln new shares at HK$0.2 each. HK$4.22, the net fund to be raised, will be used as operating capital. The placed old shares accounted for 5.9% of enlarged share capital. Before share placement, shareholding of Active Market was 34.96%. After share placement and subscription, shareholding of Active market maintains at 34.9%.

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