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Rare Earth Magnesium completes placement of 96,000,000 new shares at HK$0.05 each
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Rare Earth Magnesium completes placement of 96,000,000 new shares at HK$0.05 each
  • Rare Earth Magnesium Technology Group completed a placing of 96,000,000 new shares on Sept. 8, 2026.
  • Shares placed at HK$ 0.05 each; gross proceeds HK$ 4.8 million; net proceeds about HK$ 4.5 million.
  • New shares equal about 16.2% of issued capital pre-placing; about 13.94% post-placing.
  • Placed to at least six investors; none became a substantial shareholder on completion.
  • Proceeds earmarked mainly for audit and professional fees, staff costs, trade and other payables.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rare Earth Magnesium Technology Group Holdings Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260908-12324394), on September 08, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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