---
title: "SHANDONG MOLONG  Places Shares at Nearly 19% Discount, Expects Net Proceeds Exceed HKD100 million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293406759.md"
description: "Shandong Molongannounced a placing of up to 25.6784 million new H shares at HKD4.58, an 18.94% discount. Gross proceeds are approx. HKD118 million, net HKD116 million. Approximately 90% of net proceeds will repay borrowings to optimize financial structure, with the remainder for working capital and general corporate purposes."
datetime: "2026-07-22T01:50:48.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293406759.md)
  - [en](https://longbridge.com/en/news/293406759.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293406759.md)
generator: "portal-rs"
---

# SHANDONG MOLONG  Places Shares at Nearly 19% Discount, Expects Net Proceeds Exceed HKD100 million

SHANDONG MOLONG (00568.HK) +0.370 (+6.549%) announced a plan to place up to 25.6784 million new H shares at HKD4.58 per share, representing approximately 3.12% of the enlarged issued share capital. The placing price represents a discount of approximately 18.94% to the previous closing price of HKD5.65. Gross proceeds are expected to be approximately HKD118 million, while net proceeds are estimated at approximately HKD116 million. About 90% of the net proceeds are intended for repayment of outstanding borrowings to optimize the financial structure, while the remaining approximately 10% will be used for working capital and general corporate purposes.(gc/a)(HK stocks quote is delayed for at least 15 mins.)

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