South Manganese Investment Limited ( (HK:1091) ) has issued an announcement.
South Manganese Investment Limited has announced a placing agreement to issue up to 685,691,800 new shares at HK$0.21 per share, representing a 20% increase in its total issued shares. The net proceeds of approximately HK$140.97 million will be primarily used to repay outstanding liabilities and for general working capital, potentially strengthening the company’s financial position and operational flexibility.
More about South Manganese Investment Limited
South Manganese Investment Limited is a company incorporated in Bermuda with limited liability, primarily involved in the manganese industry. The company focuses on the investment and development of manganese resources, which are essential for steel production and other industrial applications.
YTD Price Performance: -50.0%
Technical Sentiment Signal: Strong Buy
Current Market Cap: €96.05M
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