Tech company Hujiu (01729.HK) plans to discount approximately 13.58% and allocate 138 million shares, raising approximately 2.885 billion Hong Kong dollars.

The Zhixin Financial APP reports that Techtronic Industries (01729.HK) has announced, on May 11, 2026 (after trading hours), that the company has entered into a placing agreement with the placing agent. According to the agreement, the placing agent has conditionally agreed to use its best efforts to encourage at least six underwriters to subscribe for 138 million new shares at a placing price of HK$21.00 per share. The placing price of HK$21.00 per share represents a discount of approximately 13.58% from the closing market price of HK$24.30 per share on May 11, 2026 (the last trading day) on the Stock Exchange of Hong Kong.