GL-Carlink Technology (Ticker: 2531.HK) intends to raise HK$337 million (USD 43.8 million) from the sale of 63.6 million primary shares, representing 17.3% of the enlarged share capital, in an indicative price range of HK$4.70 to HK$5.30 each (USD 0.61 to USD 0.69). Pricing is expected on July 10 and the listing on July 15.

GL-Carlink sells in-vehicle hardware products and provides SaaS marketing and management services to automobile stores. The company posted an adjusted profit of RMB 62 million (USD 8.5 million) for 2023, up 9% from 2022. CCB International is the sponsor.