According to Zhitong Finance App News, Iron Goods (01029.HK) issued an announcement. The Company proposes to issue up to 958 million shares to eligible shareholders at a subscription price of HK$0.315 per share (assuming there is no change in the number of issued shares on or before the record date) to raise up to HK$302 million (before deducting expenses) according to the non-full underwriting basis and the benchmark of holding 2 existing shares for 1 share offered share on the record date. Stock offerings will only be presented to eligible shareholders and will not be presented to ineligible shareholders. The subscription price was discounted by approximately 16.00% from the closing price of HK$0.375 per share as reported on the last trading day of the shares.

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