An announcement from IDT International Limited ( (HK:0167) ) is now available.
IDT International Limited announced the completion of a subscription and placing of new shares, significantly altering its shareholding structure. The company raised approximately HK$230 million in net proceeds, which will be used for various purposes including cash payments, professional fees, working capital, and acquisition of new machinery, positioning the company for future growth and operational flexibility.
More about IDT International Limited
IDT International Limited operates in the technology industry, focusing on innovative consumer electronics and related products. The company is known for its ‘Oregon Scientific’ brand, which emphasizes research and development to expand its product offerings.
YTD Price Performance: -40.48%
Average Trading Volume: 67,654
Current Market Cap: HK$41.6M
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