Changes in Hong Kong stocks | Shandong Molong (00568) opened more than 13%, and the company received a government subsidy of 20 million yuan and recently received state-owned capital from Shouguang to relieve the situation

The Zhitong Finance App learned that Shandong Molong (00568) opened more than 13% higher. As of press release, it had risen 13.31% to HK$3.66, with a turnover of HK$8.37 million.

According to the news, Shandong Molong announced that it recently received a grant of 20 million yuan from the government in cash. This subsidy is related to earnings and accounts for 45.77% of the company's net profit attributable to shareholders of listed companies in the most recent fiscal year.

It is worth noting that Shandong Molong recently received state-owned investment from Shouguang to ease financial pressure by using physical debt repayment methods. On the evening of December 29, Shandong Molong revealed the debt restructuring plan. Shandong Shouguang Vegetable Wholesale Market Co., Ltd. plans to repay the 361 million yuan arrears to Shandong Molong with an assessed value of 362 million yuan of land use rights, housing construction (structures), machinery and equipment in the Shouguang Science and Technology Industrial Park.