International Business Digital Technology plans to raise approximately HK$99.72 million through a share placement, with about 20.06% intended for deployment in virtual asset service business.

Jinse Finance reported that the Hong Kong-listed company International Business Digital Technology (01782.HK) announced that on November 20, 2025, the company intends to place up to 28 million placement shares through a placing agent at HKD 3.60 per share, representing a discount of approximately 8.86% compared to the closing price of HKD 3.95 per share on the date of the placing agreement as quoted on the Stock Exchange. The maximum expected net proceeds from the placement are HKD 99.72 million, of which approximately 65.18% will be used to develop three new technologies, which are expected to enable the company’s APM business unit to provide innovative products and services to clients, with full utilization expected by December 31, 2027; approximately 20.06% will be used to support the company’s timely and orderly deployment of virtual asset services business in overseas markets after obtaining the necessary final regulatory approvals and when expansion opportunities arise, with full utilization expected by December 31, 2027; and approximately 14.76% will be used for the group’s general working capital, with full utilization expected by December 31, 2027.