Hong Kong-listed International Business Digital Technology plans to raise approximately HK$99.72 million through a share placement, with about 20.06% ...

According to Mars Finance, on November 20, Zhitong Finance reported that Hong Kong-listed International Business Digital Technology (01782.HK) announced that on November 20, 2025, the company plans to place up to 28 million placement shares through a placement agent at HK$3.60 per placement share, representing a discount of approximately 8.86% to the closing price of HK$3.95 per share quoted on the Stock Exchange on the date of the placement agreement. The maximum net proceeds from the placement are expected to be HK$99.72 million, of which approximately 65.18% will be used to develop three new technologies, which are expected to enable the Company to provide innovative products and services to customers in the APM business unit, and are expected to be fully utilized by December 31, 2027; approximately 20.06% will be used to support the Company in the timely and orderly deployment of its virtual asset services business in overseas markets after obtaining the necessary final regulatory approvals and when expansion opportunities arise, and are expected to be fully utilized by December 31, 2027; and approximately 14.76% will be used for the Group's general working capital, and are expected to be fully utilized by December 31, 2027.