China In-Tech (HKG:0464) seeks to raise HK$10.4 million by placing up to 46 million new shares at HK$0.225 apiece to at least six independent placees, a Tuesday Hong Kong bourse filing said.

The shares represent about 7.20% of the enlarged issued share capital of the company.

The company plans to use the net proceeds of HK$10 million for the general working capital of the group.