Zhitong Finance App News, Magnesium Technology (00601.HK) issued an announcement. On August 21, 2026 (after the trading period), the Company entered into a placement agreement with the placement agent. According to this, the Company conditionally agreed to place a maximum of 96 million shares at an placement price of HK$0.05 per share (not including the Stock Exchange transaction fees, SFC transaction levies, Central Clearing System share payment fees and brokerage commissions) to no less than 6 undertakers on a best-effort basis through the placement agent, etc. The consignee and its ultimate beneficial owner must be independent third square.

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