According to the Zhitong Finance App, Shandong Molong (00568.HK) announced that on September 24, 2026, the company plans to place up to 33.615,600 new H shares. Assuming that all of the placed shares are placed, the placed shares are equivalent to about 11.93% of the currently issued H shares, and about 4.08% of the total number of issued shares on the date of this announcement. The placement price for each placed share was HK$3.50, a discount of approximately 16.17% from the closing price of HK$4.175 per H share on September 23. Assuming that all shares are placed, the total proceeds from the placement are estimated to be approximately HK$118 million, while the total net proceeds from the placement are estimated to be approximately HK$115 million. The company plans to use the net proceeds from the placement for the following purposes: (a) about 70% to repay loans; (b) about 20% to settle accounts payable from daily business operations, including payments for procurement of raw materials; and (c) about 10% for working capital and general corporate purposes.

According to the Zhitong Finance App, Shandong Molong (00568.HK) announced that on September 24, 2026, the company plans to place up to 33.615,600 new H shares. Assuming that all of the placed shares are placed, the placed shares are equivalent to about 11.93% of the currently issued H shares, and about 4.08% of the total number of issued shares on the date of this announcement. The placement price for each placed share was HK$3.50, a discount of approximately 16.17% from the closing price of HK$4.175 per H share on September 23. Assuming that all shares are placed, the total proceeds from the placement are estimated to be approximately HK$118 million, while the total net proceeds from the placement are estimated to be approximately HK$115 million. The company plans to use the net proceeds from the placement for the following purposes: (a) about 70% to repay loans; (b) about 20% to settle accounts payable from daily business operations, including payments for procurement of raw materials; and (c) about 10% for working capital and general corporate purposes.