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Hong Kong Stock Anomaly | Premium Rights Issue Financing! Shanghai Little South Country Soared 33% at One Point
Gelonghui February 20 | Hong Kong stocks Shanghai Little South Country (3666.HK) once rose 33.33%, trading at HKD 0.032. According to company announcements, the company will issue up to 442 million new shares, accounting for 16.7% of the enlarged share capital; the placement price is HKD 0.028, a 16.67% premium over the closing price on the 16th. The total fundraising amount is HKD 12.4 million, with net proceeds of HKD 12.1 million, intended for general working capital.