CROSSTEC (03893) completes the placement of 31.104 million shares.

CROSSTEC (03893) announced that all conditions stated in the placement agreement have been met, and the placement was completed on February 28, 2025. A total of 31.104 million shares (equivalent to approximately 16.67% of the enlarged issued share capital of the company after completion) were successfully placed to six subscribers at a placement price of HK$0.20 per share in accordance with the terms of the placement agreement.