According to the Zhitong Finance App, Southern Manganese (01091.HK) announced that on August 18, 2026, the company plans to place up to 987 million shares placed, which is equivalent to 20% of the total number of shares issued on the date of this announcement; and about 16.67% of the total number of issued shares after allotment and the expansion of placed shares. The placement price was HK$0.314 per share, a discount of approximately 18.44% from the closing price of HK$0.385 per share on August 18. Assuming that all shares are placed, the total proceeds from the placement are expected to be approximately HK$310 million, while the net proceeds from the placement are expected to be approximately HK$303.5 million. The Company intends to use the net proceeds from the placement as follows: approximately 95% of the net proceeds will be used to repay the Group's outstanding bank and other loans and interest; and approximately 5% of the net proceeds will be used as the Group's general working capital.

According to the Zhitong Finance App, Southern Manganese (01091.HK) announced that on August 18, 2026, the company plans to place up to 987 million shares placed, which is equivalent to 20% of the total number of shares issued on the date of this announcement; and about 16.67% of the total number of issued shares after allotment and the expansion of placed shares. The placement price was HK$0.314 per share, a discount of approximately 18.44% from the closing price of HK$0.385 per share on August 18. Assuming that all shares are placed, the total proceeds from the placement are expected to be approximately HK$310 million, while the net proceeds from the placement are expected to be approximately HK$303.5 million. The Company intends to use the net proceeds from the placement as follows: approximately 95% of the net proceeds will be used to repay the Group's outstanding bank and other loans and interest; and approximately 5% of the net proceeds will be used as the Group's general working capital.