Shandong Molong (568.HK) rose 3% in Hong Kong trading to HK$5.400.

The stock gained after Barclays increased its holding by approximately 6.15 million shares on July 20 at roughly HK$5.90 per share, raising its stake to 6.49%. Additionally, the company announced a private placement of up to 25.68 million new H-shares on July 22 at HK$4.58 per share, a discount of about 19%, netting approximately HK$116 million to repay debts.