Newlink Tech discloses HK$33.06 million utilisation of May 2024 placing proceeds
Bulletin Express
Aug 13
Newlink Technology Inc. released supplemental details to its 2025 annual report, outlining the deployment of the HK$43.60 million net proceeds raised through a May 2024 share placing originally earmarked for general working capital.
During the financial year ended 31 December 2025, the company applied HK$33.06 million of the funds as follows:
• Salaries and employee-related expenses: HK$22.85 million
• Rent, property management fees and utilities: HK$5.55 million
• Administrative, selling and other operating expenses: HK$4.66 million
The disclosure leaves an unutilised balance of approximately HK$10.54 million from the original placing proceeds. No other information in the 2025 annual report has been amended.
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