---
title: "KINGLAND GROUP offers a 19.95% discount on its placement, netting CNY 70.76 million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/269622199.md"
description: "KINGLAND GROUP announced the placement of up to 48.384 million new shares, equivalent to 16.67% of the enlarged share capital; the placement price is HKD 1.481, representing a discount of 19.95% compared to the last trading day (12th). The total fundraising amount is HKD 71.66 million, with a net amount of HKD 70.76 million, intended for the expansion and development of construction and engineering businesses in mainland China; to support the development of energy construction projects for overseas intelligent computing centers; and to supplement general working capital"
datetime: "2025-12-14T10:01:35.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/269622199.md)
  - [en](https://longbridge.com/en/news/269622199.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/269622199.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/269622199.md) | [繁體中文](https://longbridge.com/zh-HK/news/269622199.md)


# KINGLAND GROUP offers a 19.95% discount on its placement, netting CNY 70.76 million

KINGLAND GROUP (01751.HK) announced the placement of up to 48.384 million new shares, equivalent to an enlarged share capital of 16.67%; the placement price is HKD 1.481, representing a discount of 19.95% compared to the last trading day (12th). The total fundraising amount is HKD 71.66 million, with a net amount of HKD 70.76 million, intended for the expansion and development of construction and engineering businesses in mainland China; to support the development of energy construction projects for overseas intelligent computing centers; and to supplement general working capital

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