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South Manganese Investment Limited ( (HK:1091) ) has shared an announcement.
South Manganese Investment Limited announced a supplemental update on its plan to place new shares under a general mandate, aiming to raise approximately HK$180.44 million net proceeds. The funds will be used to repay outstanding bank borrowings, thereby improving the company’s financial stability and potentially enhancing its market position.
More about South Manganese Investment Limited
South Manganese Investment Limited operates in the mining industry, focusing primarily on the extraction and processing of manganese. The company is incorporated in Bermuda and is listed on the Hong Kong Stock Exchange, with a market focus on leveraging its resources to strengthen its financial position.
Average Trading Volume: 7,972,120
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$1.23B
See more insights into 1091 stock on TipRanks’ Stock Analysis page.