Kidztech Holdings Ltd. has successfully completed the placement of 124,912,800 new shares under a general mandate. The shares were placed at a price of HK$0.133 per share, raising approximately HK$16.1 million in net proceeds. This placement represents 20% of the company's issued share capital immediately upon completion, and approximately 16.67% after the allotment of new shares. The proceeds are intended for corporate purposes, with all placees being independent third parties and none becoming substantial shareholders as a result of this transaction.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kidztech Holdings Ltd. published the original content used to generate this news brief on August 29, 2025, and is solely responsible for the information contained therein.