Pharmaron's stock price fell over 3%, with a discount of 8.5% on the placement

Pharmaron (03759.HK) opened down 3.37% today, with a lowest price of 23.02 yuan. It is currently reported at 24 yuan, down 3.77%, with a trading volume of 6.4042 million shares, involving 152 million yuan.

The company recently announced a placement of nearly 58.4408 million new H shares at a discount of 8.5%, expected to raise nearly 1.32 billion yuan, of which 70% will be used for project construction to enhance the capabilities and capacity of laboratory service facilities, drug process development, and production facilities