REALORD TECH (01196.HK) controlling shareholder places 952.38m shares via top-up subscription

NewTimeSpace News: On 1 November 2026, Realord Technology Company Limited (REALORD TECH, 01196.HK) disclosed that the company, controlling shareholder Merilin Holdings Limited and a placing agent entered into a placing and subscription agreement on 30 October 2026 (after trading hours).

Merilin Holdings will place 952,380,000 existing shares at HK$0.21 each on a fully underwritten basis, and subscribe for the same number of new shares at the same price via a top-up subscription. The placing price is a discount of about 6.67% to the closing price of HK$0.225 on the agreement date. The placing and subscription are expected to raise gross proceeds of about HK$200 million and net proceeds of about HK$197.2 million.

The company said Merilin Holdings is 70% owned by chairman and executive director Dr. Lin Xiaohui and 30% by executive director Su Jiaohua. After the placing, Merilin and its concert parties' stake will fall from about 48.78% to 32.27%, then rise to about 41.87% after the top-up subscription, so the vendor will apply for a waiver of the mandatory general offer obligation.