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.

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