According to Zhitong Finance App News, Yuansu Technology (08637.HK) issued an announcement. The proposed company has issued common shares to be listed on the Kelly Board of the Singapore Exchange. To facilitate the proposed listing, the company proposes to sell no less than 18 million new shares of the company according to the indicative reference price of about HKD 0.58 per share (equivalent to about HK$3.53 per share at the exchange rate of HK$100 to POP 16.31) to no less than 200 undertakers (each undertaker), to no less than 18 million new shares of the company. The placement is expected to raise no less than 10.4 million yuan in new capital with the total proceeds raised by the company.

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