ARMITAGE AIMS FOR $35m FROM ITS GEM LISTING

Growth Enterprise Market candidate Information technology solution-provider Armitage Technologies Holding wants to raise up to HK$35.62 million selling 89.05 million new shares at between 35 HK cents and 40 HK cents each. Existing shareholders will raise HK$19.18 million by selling 47.95 million shares. In the five months to August 31, last year, it had a HK$289,000 profit against a HK$12.17 million loss in the year to March.