---
title: "SANDMARTIN INTL's premium placement after the merger raised a net amount of 90.2 million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/262770693.md"
description: "SANDMARTIN INTL announced a proposed share consolidation of 10 for 1. Upon effectiveness, a rights issue will be conducted, issuing 123 million shares at a subscription price of HKD 0.75, representing a premium of 2.74% over the theoretical closing price on the last trading day (24th). The fundraising amount is HKD 92.3 million, with a net proceeds of HKD 90.2 million, intended for repaying loans and interest"
datetime: "2025-10-26T10:32:31.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/262770693.md)
  - [en](https://longbridge.com/en/news/262770693.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/262770693.md)
---

# SANDMARTIN INTL's premium placement after the merger raised a net amount of 90.2 million

SANDMARTIN INTL (00482.HK) announced a proposed 10-for-1 share consolidation. After it takes effect, a rights issue will be conducted, issuing 123 million shares at a subscription price of HKD 0.75, representing a premium of 2.74% over the theoretical closing price on the last trading day (24th). The fundraising amount is HKD 92.3 million, with a net amount of HKD 90.2 million intended for repaying loans and interest

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