Shanghai Xiaonanguo (03666.HK) intends to discount approximately 16.7% of the rights issue, with a maximum net fundraising of about 8.7 million Hong Kong dollars.

Intelligence Finance News APP, Shanghai Xiaonanguo (03666.HK) announced that on May 12, 2025, the company plans to issue a maximum of approximately 442.6 million shares through placement agents to no fewer than six underwriters, at a price of 0.020 Hong Kong dollars per share, representing a discount of approximately 16.7% from the market price of 0.024 Hong Kong dollars per share reported on the Stock Exchange on the date of the placement agreement.