Systems integrator Computer and Technologies Holdings is hoping to raise almost $60 million from the sale of new shares today. The company is offering 55 million new shares at $1.08 a share, with the shares sold to both public and institutional investors. The company markets and supports computer systems such as those from Hewlett Packard to its 350 corporate clients in Hong Kong and the mainland. It said it renewed its annual sales contract with Hewlett Packard on April 1. It saw net profit grow 32 per cent to $29 million last year as turnover rose 21.63 per cent to $247.68 million. It gave no profit estimate for this calendar year. The firm expects to raise a net profit of $49.4 million from the sale. About $21.4 million would be used to boost working capital and the rest to set up offices in the mainland and expand its Internet and information systems business in Hong Kong.