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Harris Technology Group Limited (ASX:HT8)

ALERT: Price-sensitive ASX Announcement for HT8
Current share price for HT8 : $0.022 -0.001 (-4.35%)+
Announcement
Release
25 Jun 2026 8:18AM
Price at Release
$0.023
Full Release
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Summary
Harris Technology Group Limited (ASX: HT8) announced that Taiwanese technology manufacturer FSP Technology Inc. has converted its redeemable shares into 44,870,322 ordinary shares, marking a strategic investment of approximately $897,000. This move further solidifies the relationship between the two companies as Harris Technology continues to expand in the refurbished technology sector in Australia. FSP is a leading global supplier in power solutions, enhancing Harris Technology's market position as it meets the growing demand for sustainable technology solutions. The share issue complies with ASX Listing Rule 7.2 Exception 9.
Key Points
  • FSP Technology Inc. has converted its redeemable shares into 44,870,322 ordinary shares of Harris Technology Group Limited at $0.02 per share.
  • This conversion represents a strategic investment of approximately $897,000.
  • The investment strengthens the relationship between Harris Technology and FSP as the company expands its position in Australia's refurbished technology market.
  • FSP is a globally recognized manufacturer with a market capitalization of A$500 million, specializing in power supply solutions and computer components.
  • Harris Technology has expanded its refurbished product range and developed strategic supplier relationships.
  • The global refurbished technology market is growing due to consumer demand for cost-effective and sustainable alternatives.
  • Harris Technology is positioned to capture further market share in the refurbished technology sector.
  • The share issue does not utilize the company’s share issue capacity under ASX Listing Rule 7.1.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.