"Shanghai Xiannanguo surged nearly 30%"

Shanghai Xiaonanguo's stock price rose by 29.17%. According to the announcement, the company will issue up to 442 million new shares, equivalent to 16.7% of the expanded capital; the issue price is 0.028 yuan, which is a premium of 16.67% over the closing price on the 16th. The total fundraising amount is 12.4 million yuan, with a net amount of 12.1 million yuan, intended for general operating funds.