Jiangsu Hongxin (02625.HK) plans to discount approximately 13.95% to sell 21.42 million H shares, raising approximately HK$58.65 million net.

The Zhongtong Financial APP News, Jiangsu Hongxin (02625.HK) announced that on November 11, 2025, the company entered into a placing agreement with the placing agent. The company has agreed to appoint the placing agent, and the placing agent has agreed to act as the company's agent, to use best efforts to encourage subscribers to subscribe for up to 21.4247 million new H shares at the placing price based on the terms of the placing agreement and subject to its conditions and limitations.