Core Viewpoint - Wanshun Ruqiang Group announced a capital raising through the placement of new shares, aiming to raise approximately HKD 4.305 million, with net proceeds expected to be around HKD 4.24 million after expenses [1] Group 1: Share Placement Details - The company issued 216,000 new shares at a price of HKD 19.93, representing a discount of approximately 14.6% compared to the previous trading day's closing price of HKD 23.34 [1] - The placement price reflects a discount of about 19.1% compared to the average closing price over the last five trading days [1] - The newly issued shares account for approximately 1.32% of the existing issued share capital and will represent about 1.30% of the enlarged share capital post-placement [1] Group 2: Company Operations and Use of Proceeds - Wanshun Ruqiang Group primarily operates in Malaysia, focusing on the manufacturing and trading of precast concrete junction boxes, accessories, and pipeline trading, as well as mobile crane leasing and related services [1] - The company also engages in e-commerce platform operations in China [1] - The net proceeds of approximately HKD 4.24 million will be used to supplement general working capital [1] - The issuance is expected to be completed by December 24, 2025, under the general authorization granted at the shareholders' meeting [1]