Understanding the Market | LFG INV HLDGS rises over 28%, with stock price soaring 4.5 times this month, recently announcing a placement to raise HKD 32.5 million

LFG INV HLDGS rose over 28% again, and it is worth noting that the stock has been climbing continuously, with its price soaring 4.5 times this month. As of the time of writing, it is up 28.33%, priced at HKD 0.77, with a trading volume of HKD 16.8691 million. On the news front, recently, LFG INV HLDGS announced a placement of up to 81.19 million new shares, accounting for 16.67% of the company's expanded share capital; the placement price is HKD 0.4. The total amount raised is HKD 32.5 million, with a net amount of HKD 32.3 million, intended to increase the capital base to expand securities financing business and for general working capital of the group. It is noteworthy that the latest data from the Hong Kong Stock Exchange shows that on July 25, the shareholders of LFG INV HLDGS deposited shares into Gao Securities, with a market value of HKD 7.5994 million, accounting for 5.13%