Ingdan (HKG:0400) agreed to allot and issue 250 million new shares to Optimum Profuse Technology (HK) for HK$325 million at HK$1.30 apiece on Friday, a Monday bourse filing said.

The shares, which will be allotted and issued in two tranches of 125 million shares each, represent 15.20% of the company's enlarged issued share capital.

The technology service platform plans to use the net proceeds of HK$324.2 million to pay redeemed investments, purchase shares in Comtech, and general working capital.