International Resources (1051.HK) placed 2,813 billion new shares at HK$0.6 billion per share, raising a net capital of HK$1.66 billion to finance the capital expenditure of its Martabe gold and silver mining project. Morgan Stanley, one of the placement agents, has not only continued to participate in the allotment operation, but has also always protected the stock. According to today's “****” report, the day before the allotment news came out, Damo had taken the lead in giving Guoyuan an outperforming market rating. The target price was further raised by 13% to HK$0.76. The resumption of trading of International Resources after allotment of shares is now down 6.1% to close at HK$0.62.