--- 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 ### Related Stocks - [00482.HK](https://longbridge.com/en/quote/00482.HK.md) ## Related News & Research - [Direxion Daily LMT Bull 2X ETF declares quarterly distribution of $0.2282](https://longbridge.com/en/news/290596968.md) - [Global Dividend Growth Split declares $ 0.10 per share distribution](https://longbridge.com/en/news/290592746.md) - [ANZ Sees Brent Crude Oil To End Q2 2026 At $80/Bbl](https://longbridge.com/en/news/290269744.md) - [BNSF Says Both Tracks Affected By Train Derailment Near Danville, KS Back To Service](https://longbridge.com/en/news/290579575.md) - [Newsom, Vance face challenges; Democrats gather for Obama: Join the live discussion](https://longbridge.com/en/news/290578083.md)