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South Manganese Investment Limited ( (HK:1091) ) has shared an update.
South Manganese Investment Limited has completed the placement of 822,830,160 new shares to Honor Aim Limited, making it a substantial shareholder with a 16.67% stake. The net proceeds of approximately HK$180.44 million from this placement will be used to repay the company’s outstanding bank borrowings, impacting its financial stability and shareholder structure.
More about South Manganese Investment Limited
South Manganese Investment Limited is a company incorporated in Bermuda, primarily involved in the manganese industry. The company focuses on the investment and development of manganese resources, which are essential in various industrial applications.
YTD Price Performance: 8.11%
Average Trading Volume: 9,538,138
Technical Sentiment Signal: Hold
Current Market Cap: HK$1.65B
For an in-depth examination of 1091 stock, go to TipRanks’ Overview page.