CHINA INFO TECH (08178.HK) Proposes 2-for-1 Rights Issue at 24.37% Discount

NewTimeSpace News: CHINA INFO TECH (08178.HK) announced on Apr 21, 2026 that the company proposes to issue up to 57.37 million shares through a rights issue, on the basis of "2 for 1" at a price of HKD 0.18 per rights issue share, at a discount of approximately 24.37% to the closing price of HKD 0.238 per share on the HKEX on the last trading day Apr 21, 2026. The maximum total proceeds from the rights issue are estimated to be about HKD 10.33 million, with net proceeds of approximately HKD 9.73 million.

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