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JL Mag Rare-Earth To Raise HK$51 Million in Net Proceeds Through Share Placement
Jl Mag Rare-Earth (06680.HK) plans to place no more than 6.7238 million new shares Listed in Hong Kong, raising approximately 51.22 million Hong Kong dollars.
Gelonghui reported on December 20 that Jl Mag Rare-Earth (06680.HK) announced that on December 19, 2024, the company (as the issuer) entered into a placement agreement with the placement agent (namely, DBS Asia Capital), under which the placement agent has agreed to act as the company's agent and to use its best efforts to secure subscribers to purchase up to 6.7238 million placement shares according to the terms and conditions set in the placement agreement. The placement shares are expected to be allocated to no fewer than six subscribers. Each subscriber and their respective ultimate beneficial owners are expected to be independent of the company and its connected persons.
In November, China's industrial added value above the designated size increased by 5.4% year-on-year, with New energy Fund, Siasun Robot&Automation, and integrated circuits leading the growth.
From January to November, the added value of large-scale industries grew by 5.8% year-on-year. Among them, the production of New energy Fund vehicles, Siasun Robot&Automation, and integrated circuit products increased by 51.1%, 29.3%, and 8.7% respectively.
After the peak of the Robot Concept stocks, be wary of short-term divergences. AI and CSI Consumer 360 index may still have rotational opportunities.
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Private Companies Are JL Mag Rare-Earth Co., Ltd.'s (SZSE:300748) Biggest Owners and Were Rewarded After Market Cap Rose by CN¥1.6b Last Week
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