Champion Technology (HKG:0092) plans to raise about HK$14.7 million through a placement of up to 84.0 million shares at HK$0.177 each, to at least six placees, according to a Hong Kong bourse filing.
The company will use the proceeds for its existing green energy business and for general working capital.
Shares of the technology solutions company fell nearly 10% in recent trade.
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