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The latest announcement is out from South Manganese Investment Limited ( (HK:1091) ).
South Manganese Investment Limited has completed the placing of 685,691,800 new shares under a General Mandate, with Mr. Cheung Ming acquiring approximately 16.67% of the total issued shares, making him a substantial shareholder. The net proceeds of approximately HK$140.97 million from this transaction will be used primarily to repay outstanding liabilities and as general working capital, potentially strengthening the company’s financial position and operational capabilities.
More about South Manganese Investment Limited
South Manganese Investment Limited is a company incorporated in Bermuda, primarily engaged in the manganese industry. It focuses on investment and operations related to manganese resources, which are crucial for various industrial applications.
YTD Price Performance: -52.50%
Technical Sentiment Signal: Buy
Current Market Cap: €105.6M
Learn more about 1091 stock on TipRanks’ Stock Analysis page.
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