China In-Tech (HKG:0464) agreed to allot and issue a total of 46 million shares to six subscribers at HK$0.22 apiece to raise net proceeds of around HK$10 million, a Monday filing with the Hong Kong bourse said.

The shares represent 7.2% of the electrical haircare and healthcare products manufacturer and seller's enlarged issued share capital.

The firm will use proceeds from the issue to repay debt, as well as for general working capital.