Hong Kong Stock Shanghai Little South Country (3666.HK) once rose 33.33%, trading at HKD 0.032. According to company announcements, up to 442 million new shares will be issued, representing a 16.7% increase in enlarged share capital; the offering price is HKD 0.028, a 16.67% premium over the closing price on the 16th. The total fundraising amount is HKD 12.4 million, with net proceeds of HKD 12.1 million, intended for general operating funds.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Hong Kong Stock Anomaly | Premium Rights Issue Financing! Shanghai Little South Country Soared 33% at One Point
Hong Kong Stock Shanghai Little South Country (3666.HK) once rose 33.33%, trading at HKD 0.032. According to company announcements, up to 442 million new shares will be issued, representing a 16.7% increase in enlarged share capital; the offering price is HKD 0.028, a 16.67% premium over the closing price on the 16th. The total fundraising amount is HKD 12.4 million, with net proceeds of HKD 12.1 million, intended for general operating funds.