According to the WiseMoney App, Zhongtian Hunan Group (02433) rose nearly 15%, as of press time, up 14.87%, at HKD 0.224, with a turnover of HKD 881,000.

On the news front, Zhongtian Hunan Group recently announced that on June 7, 2024, the company plans to issue up to 96 million new shares through distribution agents to no less than six placing agents at a distribution price of HKD 0.162 per share, with a discount of 16.9% compared to the closing price of HKD 0.195 per share on the Stock Exchange of Hong Kong (SEHK) on June 7, 2024 (i.e., the date of the placing agreement). The maximum net proceeds will be approximately HKD 15.2 million, of which about 90% will be used to provide funding for the pre-project expenses of a newly awarded project involving the construction of a cultural exhibition and intangible cultural heritage center with a total floor area of about 70,000 square meters in Jiangxi Province, China, with a total contract value of more than CNY 265 million; and about 10% will be used for the general working capital of the company.