Contalong (01912.HK) intends to discount approximately 18.75% to distribute up to 220 million shares of the company, raising a net amount of approximately 12.83 million Hong Kong dollars.

Wisdom Financial News APP News, Kangtong (01912.HK) announced that on September 22, 2025 (after trading hours), the company entered into a placing agreement with the placing agent. Under this agreement, the company conditionally agreed to place up to 220 million shares at a placing price of HK$0.065 per share to not less than six placing subscribers (who, together with their ultimate beneficial owners, must be independent third parties) through the placing agent. The placing shares will be issued and allotted under the general mandate for placing and issuance.