CHAMPION TECH (00092) plans to discount approximately 16.95% for the placement of 164 million shares, with a net fund raising of approximately HK$38.5 million.

CHAMPION TECH (00092) announced that on January 7, 2025, the company plans to issue 164 million shares at a discounted price of HK$0.245 per share, compared to the closing price of HK$0.295 per share on January 7, representing a discount of approximately 16.95%. Assuming that a maximum of 164 million shares will be issued, the net proceeds to be received by the company will be approximately HK$38.5 million. The company plans to use the net proceeds as special operating funds for the group's green energy business.