Lvji Technology announces HK$151.8m rights issue

Lvji Technology Holdings Inc. (HKEX: 1745) announced a proposed rights issue aimed at raising approximately HK$151.8 million before expenses. The rights issue will be offered on the basis of one (1) rights share for every two (2) existing shares held by qualifying shareholders on the record date, with a subscription price of HK$0.18 per rights share. The company intends to use the net proceeds, estimated at HK$143.0 million, to upgrade electronic tour guide systems, expand its business outside of China, acquire robotics related companies, secure operational rights for scenic areas, and for general working capital. Certain major shareholders, including Lu Jia Technology, Mr. Zang, and Invest Profit, have provided irrevocable undertakings to subscribe for their respective entitlements. Raffaello Securities (HK) Limited will underwrite the unsubscribed rights shares. The rights issue is subject to certain conditions, and shareholders are advised to exercise caution when dealing in the company’s shares.