Shareholders of Magnesium Technology (00601) with a total market value of HK$5.952 million deposited 56.16 million shares into Junda Securities

The Zhitong Finance App learned that the latest data from the Hong Kong Stock Exchange shows that on September 8, Magnesia Technology (00601) changed positions, with a total market value of HK$5.952 million, accounting for 13.94%. The company's shareholders deposited 56.16 million shares into Junda Securities, increasing their shareholding ratio by 8.15%.

Magnesium Technology announced that all conditions contained in the placement agreement have been fulfilled, and that the placement was completed on September 8, 2026 in accordance with the terms and conditions of the placement agreement. A total of 96 million placed shares have been successfully placed to no less than six undertakers at an placement price of HK$0.05 per share, which is equivalent to approximately 16.20% of the company's issued share capital immediately before completion and approximately 13.94% of the company's issued share capital expanded through allotment and issuance of placed shares.