MOG Digitech (HKG:1942) will allot and issue 212,121,212 shares to Valiant Warrior at HK$0.99 apiece to raise net proceeds of HK$209.9 million, a Thursday bourse filing said.
The shares represent around 19% of the fintech solutions provider's enlarged issued share capital.
The firm will use proceeds from the issue for capital injections into its existing financing services and money lending businesses, as well as for general working capital.