FilingReader Intelligence
South Manganese raises HK$180m through share placement
July 28, 2025 at 05:02 PM UTC•By FilingReader AI
South Manganese Investment Limited placed 822.8 million new shares to Honor Aim Limited at HK$0.224 per share, making Honor Aim a substantial shareholder with 16.67% of enlarged shares.
The placement generated net proceeds of HK$180.44 million, which will be used entirely to repay outstanding bank borrowings. Public shareholders now hold 33.58% while Youfu Investment remains the largest shareholder at 20.14%.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Primary Source Document
HKEX:1091•Hong Kong Exchange
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