Shandong Molong (00568) has a total market value of HK$130 million. Shareholders of the company deposited 137.464 million shares in Citibank

The Zhitong Finance App learned that the latest data from the Hong Kong Stock Exchange shows that on July 29, Shandong Molong (00568) experienced position changes, with a total market value of HK$130 million, accounting for 10.03%. The company's shareholders deposited 13.746,400 shares in Citibank, reducing their shareholding ratio by 1.22%.

Shandong Molong issued an announcement that all the prerequisites for placement matters contained in the placement agreement have been met (including obtaining approval from the Listing Committee to list and trade the placement shares), and the placement matters have been completed (completed) on July 29, 2026.

On July 29, 2026, a total of 256.784 million new H shares (accounting for about 9.11% of the total number of issued H shares expanded by allotted and placed shares and about 3.12% of the total number of issued shares expanded by the allotted and issued placement shares) were successfully allocated and issued by the Company to no less than six undertakers at a placement price of HK$4.58 per placed share; such undertakers and their ultimate beneficial owners are all independent third parties and are all directors, supervisors of the Company or any of its subsidiaries Top executive or principal The shareholders or their respective contacts are unrelated. The total net proceeds from the placement (after deducting commissions and estimated expenses) is approximately HK$116 million.