INGDAN (00400) plans to issue 250 million shares, raising approximately HK$324 million.

INGDAN (00400) announces that on February 7, 2025, the company plans to issue and allot 250 million subscription shares to the subscriber (Optimum Profuse Technology (HK) Limited), equivalent to approximately 17.93% of the company's existing issued share capital as of the date of this announcement; and approximately 15.20% of the enlarged issued share capital. The subscription price is HK$1.30 per share. The total amount and net amount of funds raised from the subscription are estimated to be approximately HK$325 million and HK$324 million respectively. The company plans to use the net proceeds from the subscription for: purchasing shares of Shenzhen Technology Technology, and directly paying the purchase price and related buy-back payments for the redemption rights exercised by investors as disclosed in the announcement dated December 31, 2024; and for general working capital of the company.