Shandong Molong (00568.HK) plans to sell 25.67 million shares for a net raise of approximately 116 million Hong Kong dollars.

Zhtng Cijng APP news, Shndng Mlng (00568.HK) announced that the company and the placement agent have entered into a placement agreement on July 21, 2026 (after trading hours). According to the terms listed in the placement agreement and subject to the conditions listed in the placement agreement, the company will issue 25.6784 million new H shares with a par value of RMB 1.00 per share in the company's registered capital. The company agrees to issue the placement shares at the placement price, and the placement agent agrees to act as the company's agent to use best efforts to encourage subscribers to purchase the placement shares at the placement price. The placement shares will be issued and distributed in accordance with the general authorization.