Rare Earth Resources (09936.HK) plans to first sell old shares before distributing up to 34.1 million new shares, raising approximately HK$5.372 billion.

Intelligent Financial News App, Ximei Resources (09936.HK) announced on June 2, 2026, the company, the seller, and the joint placement agent entered into a placement and subscription agreement, whereby: (i) the seller has agreed to sell, and the joint placement agent has conditionally agreed to act as the seller's agent to use best efforts to ensure that at least six underwriters will purchase up to 34.1 million shares of the sale at a purchase price of HK$16.10 per share; (ii) the seller has conditionally agreed to subscribe, and the company has conditionally agreed to issue subscription shares to the seller pursuant to general mandate at a price equivalent to HK$16.10 per share of the sale (and the number of subscription shares must be the same as the number of sale shares actually placed by the placement agent under the placement and subscription agreement).