BYTE META (08645) plans to offer a discounted placement of approximately 19.61%, raising a net amount of up to about 16 million Hong Kong dollars.

According to the Zhitung Finance APP news, BYTE META (08645) announced that on March 12, 2025 (after trading hours), the company signed a placement agreement with the placement agent, intending to place up to 40 million placement shares to no fewer than six investors, at a price of HKD 0.41 per placement share, which is approximately a 19.61% discount compared to the closing price of HKD 0.510 per share on that day.

Assuming all placement shares are fully placed, the net proceeds would be approximately HKD 16 million, intended to be used for applying for the relevant licenses required to operate a virtual asset trading platform.