According to Zhitong Finance App, China's Sandi (00910) announced that on October 13, 2026, the company signed a placement agreement with the placement agent to issue a maximum of 5.088 million placement shares to no less than six undertakers through the placement agent, at HK$1.38 per share, at a discount of approximately 19.5% from the closing price of HK$1.715 per share on October 13, 2026. The net proceeds from the placement of approximately HK$6.7 million are intended to be used as the Group's general working capital, including but not limited to professional expenses, employee salaries, office rent, utilities and other expenses.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.