Sunshine Oilsands (02012) plans to discount approximately 10% of its shares and raise the maximum net amount of HK$40,318 million

According to the Zhitong Finance App, Sunshine Oil Sands (02012) announced that on December 21, 2025, the company plans to place up to about 114 million shares through Manhao Securities at a price of HK$0.36 per share, a discount of about 10.00% from the closing price of HK$0.4 on December 19, 2025. The maximum amount raised from the placement was approximately HK$41.40,800, with a net amount of approximately HK$40,318 million, to be used for the company's general working capital.