Bijiao Technology (06082) places 130 million new shares to lock in key production capacity for next-generation products

The Zhitong Finance App learned that on October 8, Bijiao Technology (06082) issued an announcement. The company signed a placement agreement with the placement agent to place 130 million shares to no less than 6 undertakers at a price of HK$31.08 per share to be placed. The total proceeds from the placement amounted to HK$4,040 billion.

According to the disclosure, Bijiao Technology's next-generation products have been successfully launched, the mass production process has accelerated, prices of key materials and components in the superposition industry have increased and production capacity continues to be tight, and the company's phased capital requirements have increased markedly. According to the announcement, about 70% of the proceeds from this placement will be used for strategic supply chain procurement, production preparation and commercialization of the company's next-generation products, about 20% will be used to further enhance R&D capabilities and software ecosystem, and about 10% will be used for working capital and general corporate purposes.

Bijiao Technology believes that the company's development is currently at a critical turning point. This placement will help lock in key upstream production capacity, shorten product launch times, speed up customer certification cycles, and quickly transform technology leadership into scalable commercial benefits, while providing sufficient capital reserves to accelerate the iterative upgrading of subsequent product roadmaps.