---
title: "STOCKS | Shandong Molong Places 25.68 Million Shares At 16.76% Discount"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293403329.md"
description: "Shandong Molong placed 25.6784 million shares at HK$4.58 each, representing a discount of about 16.76% to the previous close and about 9.11% of its enlarged H share capital and 3.12% of total share capital, according to Ming Pao. The company expects net proceeds of about HK$115 million, with about 90% to be used to repay outstanding borrowings to optimize its financial structure and about 10% for working capital and general corporate purposes."
datetime: "2026-07-22T01:13:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293403329.md)
  - [en](https://longbridge.com/en/news/293403329.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293403329.md)
generator: "portal-rs"
---

# STOCKS | Shandong Molong Places 25.68 Million Shares At 16.76% Discount

Shandong Molong placed 25.6784 million shares at HK$4.58 each, representing a discount of about 16.76% to the previous close and about 9.11% of its enlarged H share capital and 3.12% of total share capital, according to Ming Pao. The company expects net proceeds of about HK$115 million, with about 90% to be used to repay outstanding borrowings to optimize its financial structure and about 10% for working capital and general corporate purposes.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**