Hong Kong Shares Gain Amid Bets on Insurers

Hong Kong shares advanced on Thursday, led by gains posted by insurers and on hopes of a rally in mainland stocks. The Hang Seng Index climbed 0.82%, or 134.03 points, to finish the day's trade at 16,

MT NewswiresApr 18 04:38 ET

HSC Resources Group Plans Issuance of 28.8 Million Shares Via Placement; Shares Surge 13%

HSC Resources Group (HKG:1850) plans to issue up to 28.8 million shares to not less than six investors under a placement agreement, according to a Wednesday filing with the Hong Kong bourse. The fire

MT NewswiresApr 18 03:35 ET

Hong Shing Cheong Resources (01850.HK): The placement price was revised to HK$0.63 per share and trading resumed in the afternoon

Gelonghui, April 18, 丨 Hong Shengchang Resources (01850.HK) announced that the company concerned entered into a placement agreement with the placement agent. According to the placement agreement, the company has conditionally agreed to place up to 28.8 million shares of placement shares to no less than six undertakers at the placement price of HK$0.56 per share on a wholehearted basis through the placement agent. On April 18, 2024, the Company and the Placing Agent agreed in writing to revise the placement price to HK$0.63 per placement share. Therefore, assuming that up to 28.8 million shares of the placed shares are all placed, the total amount of proceeds and net proceeds (after deducting placement commissions and others

Gelonghui FinanceApr 18 00:30 ET

Hongshengchang Resources (01850.HK) suspended trading for a short time this morning

On April 18, Gelonghui | Hongshengchang Resources (01850.HK) announced that trading of the company's shares will temporarily stop at 9:00 a.m. today (18/4/2024).

Gelonghui FinanceApr 17 20:58 ET

Hong Shengchang Resources (01850) plans to discount about 20% of its shares and raise the maximum net amount of HK$15.488 million

According to the Zhitong Finance App, Hong Shengchang Resources (01850) announced that on April 17, 2024, the company plans to place up to 28.8 million placed shares to the undertaker through an placement agent at HK$0.56 per share, accounting for about 16.67% of the expanded share capital. The placement price will be discounted by about 20% from the closing price of HK$0.70 per share on April 17, 2024. According to the announcement, the maximum net raise of the placement is about HK$15.488 million, which is intended to be used to repay bank and other loans, external debts, and the Group's general working capital.

Zhitong FinanceApr 17 11:00 ET

Hongshengchang Resources (01850): Liu Sicheng was appointed as the company's vice president

Zhitong Financial App News, Hongshengchang Resources (01850) announced that from April 9, 2024, Liu Sicheng will resign as an independent non-executive director and be appointed as the company's vice president; Xian Gonghua will resign as an independent non-executive director and will no longer serve as the chairman of the company's nomination committee, remuneration committee and audit committee member; Fu Rongguo will be appointed as an independent non-executive director and member of the company's nomination committee, remuneration committee and audit committee.

Zhitong FinanceApr 9 08:38 ET