TechFlow news, November 20: According to Zhitong Finance, Hong Kong-listed company International Business Digital Technology (01782.HK) announced that on November 20, 2025, the company intends to place up to 28 million placement shares through a placing agent at a price of HK$3.60 per share, representing a discount of approximately 8.86% compared to the closing price of HK$3.95 per share quoted on the Stock Exchange on the date of the placing agreement. The expected maximum net proceeds from the placement are HK$99.72 million, of which approximately 65.18% will be used to develop three new technologies, enabling the company to provide innovative products and services to customers in its APM business division, with full utilization expected by December 31, 2027; approximately 20.06% will support the timely and orderly deployment of virtual asset services in overseas markets upon obtaining required final regulatory approvals and when expansion opportunities arise, with full utilization expected by December 31, 2027; and approximately 14.76% will be allocated for general working capital purposes of the group, with full utilization expected by December 31, 2027.
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