According to market news, New Fire Technology (01611.HK) recently announced a significant share placement plan. The company will issue a total of 166 million new shares to five different subscribers, which will account for 22.08% of the company's post-expansion equity. The subscription price per share is HKD 1.66, representing a discount of 29.66% compared to the closing price of HKD 2.36 on June 27. The total amount raised from this placement reaches HKD 275.6 million.

After this placement, the company's equity structure will undergo significant changes. The major shareholder Avenir Investment's shareholding ratio will slightly increase from 29.08% to 29.84%. Notably, LINEX Holdings Ltd. will become the largest subscriber in this round, investing HKD 124 million, which will raise its shareholding ratio in the company to 10%.

Meanwhile, the shareholding situation of several other subscribers has also changed. TX Capital Holdings Ltd. will acquire 1% of the shares, while Night Wood, which is wholly owned by the company's executive director Zhang, will hold 3.43% of the shares. Additionally, Rosen Holdings Ltd.'s shareholding ratio will be 0.48%.

This large-scale share placement not only brings considerable funds to Xinhuo Technology but also reflects investors' confidence in the company's future development. With the addition of new shareholders and the adjustment of existing shareholders' equity ratios, the company's equity structure will become more diversified, which may bring new influences on the company's governance and future strategy. Market participants generally believe that this move may provide strong support for Xinhuo Technology's business expansion and long-term development.