-- Voicecomm Technology (HKG:2495) agreed to issue HK$94 million worth of shares to a Chinese investor identified as Yang Minghuan, according to a Hong Kong bourse filing Friday.
Shares of the IT firm gained nearly 2% in late morning trade Monday.
The firm agreed to sell 2 million shares representing 5.40% of its enlarged share capital at HK$46.3 apiece.
Proceeds from the sale will primarily be used to enhance the company's technological capabilities.
Meanwhile, the firm amended a share sale agreement with State Fortune Global Strategic LPF to reduce the number of shares to be issued to 4.1 million from 6.73 million previously.
The long-stop date for the issue was also changed to May 8 from April 10 previously.