Songjing Technology (01079) plans to raise a maximum net share offering of approximately HK$105 million according to the “2 for 1” benchmark

According to Zhitong Finance App News, Songjing Technology (01079) issued an announcement. The company proposes to issue up to 713 million shares at a subscription price of HK$0.15 per share of the 2 existing shares held by eligible shareholders at the end of business hours on the record date (assuming there is no change in the number of issued shares on or before the record date). The total amount of proceeds raised is up to about HK$107 million (assuming the total number of subscriptions obtained from the share offering).. The company plans to use the net proceeds from the stock offering to purchase memory storage components and enterprise rack server inventory, and as the group's general working capital.

As of the date of this announcement, the trading unit for each lot of shares traded on the Stock Exchange was 2,000 shares. The board of directors plans to change the trading unit for each lot of shares traded on the Stock Exchange from 2,000 shares to 10,000 shares, with effect from 9:00 a.m. on August 27, 2026.