The Zhitong Finance App learned that Rongli Construction (09639) rose more than 6% in the intraday period. As of press release, it had risen 6.51% to HK$1.145, with a turnover of HK$1,327,200.

According to the news, Rongli Construction announced that on October 28, 2026 (after the trading session of the Stock Exchange), the Company entered into a placement agreement with the placement agent. According to this, the company has agreed to the issue with conditions, and the placement agent has agreed (as an agent of the Company) to follow the best effort criteria to induce no less than six undertakers (they and their ultimate beneficial owners must be independent third parties) to subscribe for up to 100 million shares according to the placement price of HK$0.97 per share.

The placement price was HK$0.97 per share, a discount of approximately 9.77% per share from the closing price of HK$1.075 reported on the Stock Exchange on the date of the placement agreement. Assuming that all placed shares are fully placed, the estimated total proceeds and net proceeds (after deducting placement commissions and other related expenses and professional expenses) will be approximately HK$97 million and HK$94.6 million respectively.

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