Group 1 - The core point of the news is that 恒昌集团国际 (Hengchang Group International) is engaging in a share placement to raise funds for general operational purposes, with a significant discount on the share price [3] - On January 8, 2026, shareholders transferred shares worth HKD 5.9576 million from 日发证券 (Rifa Securities) to 中国银河证券 (China Galaxy Securities), representing 8.12% of the total shares [2] - The company has entered into a placement agreement to issue up to 33.365 million shares at a price of HKD 0.34 per share, which is approximately 19.05% lower than the market price of HKD 0.42 at the time of the agreement [3] Group 2 - If all placement shares are successfully placed, the total proceeds from the placement are expected to be around HKD 11.34 million, with a net amount of approximately HKD 10.54 million [3] - The net issue price per share from the placement is estimated to be around HKD 0.32 [3] - The company plans to use the net proceeds from the placement entirely for general operational funding [3]