Time Interconnect Technology falls on discounted share sale

Time Interconnect Technology

10/02/2026 03:41

** Shares of Time Interconnect Technology 1729.HK fall 12.6% to HK$15.64

** Stock on track for biggest one-day pct fall since October 17

** Cable assembly products maker plans sale of 108 mln new shares, or 5.16% of the enlarged share capital, to third party investors, raising HK$1.64 bln ($209.83 mln) to fund investments and acquisitions, overseas expansion and for working capital

** Shares will be issued at HK$15.22 each, or 14.97% discount to Monday close of HK$17.90 each

** YTD, stock up 1.5%, benchmark Hang Seng Index .HSI up 6.1%

($1 = 7.8158 Hong Kong dollars)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))