Advised L.K. Technology Holdings Limited (stock code: 558) (“L.K. Tech”) on a top-up placing. The shares of L.K. Tech placed by the Placing Agent represent approximately 4.79% of the issued share capital of L.K. Tech as enlarged by the subscription.
The net proceeds from the subscription are approximately HK$562.23 million. L.K. Tech intends to use the net proceeds from the subscription for increasing production efficiency and capacity of the group’s business, and as general working capital of the group.
L.K. Tech is a company listed on the Main Board of The Stock Exchange of Hong Kong Limited. L.K. Tech Group is principally engaged in the design, manufacture and sales of hot chamber and cold chamber die-casting machines, plastic injection moulding machines, computerised numerical controlled machining centres and related accessories. L.K. Tech Group is also engaged in steel casting.