Synertone Communication Corporation (Stock Code: 1613) has entered into a placing agreement on 5 March 2026 to issue up to 1,000,000,000 new shares at HK$0.108 each. The shares represent approximately 186.61% of Synertone’s total issued share capital as of the announcement date and around 65.11% of the enlarged share capital upon completion.

If fully placed, the gross proceeds are expected to be HK$108.00 million, with estimated net proceeds of HK$106.60 million after deducting expenses. Synertone plans to allocate roughly 83.80% of the net proceeds, or HK$89.30 million, to expand its Building Intelligence Business, and the remaining 16.20%, or HK$17.30 million, for general working capital and corporate purposes.

Completion of this new share placement is subject to several conditions, including obtaining the necessary approvals at an upcoming extraordinary general meeting and securing stock exchange clearance. Shareholders and investors are advised to monitor further announcements and exercise caution when dealing in the company’s shares or securities.