Remt (00601.HK) announced a proposal for a two-for-one supply, issuing 0.296 billion shares; the subscription price is 0.11 yuan, reflecting a discount of 43.88% compared to the closing price on the last trading day (19th). It aims to raise at least 32.59 million yuan, with an estimated net amount of 29.18 million yuan, intended for upgrading the production facilities of Xinjiang Tengxiang; promoting the growth of the existing magnesium business; and operational expenses.
Among them, sunshine (00509.HK) has committed to subscribe for 0.118 billion offering shares in proportion to its shareholding.