According to Zhitong Finance App News, Shangyu Group (01633.HK) issued an announcement. The board of directors proposed to supply shares at a subscription price of HK$0.100 per share, and issue up to 342 million shares to eligible shareholders through the share offering to raise a total of approximately HK$34.2 million (before expenses) (assuming no further issuance or repurchase of shares on or before the record date). The share offering is open only to eligible shareholders and will not be presented to excluded shareholders.

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