Gelonghui, December 1, 丨 Kanglong Chemical (3759.HK) retreated higher. The biggest intraday increase was over 8%. It is now reported at HK$46.25, an increase of 4.2%, with a total market capitalization of HK$55.087 billion. The company announced yesterday that its wholly-owned subsidiary Ningbo Macromolecular Company is currently planning to carry out equity financing by increasing capital and expanding shares. The estimated amount of financing will not exceed 300 million US dollars. The exact counterparty to the transaction has not yet been determined.