<p>SANDMARTIN INTL (00482.HK) announced a proposed 10-for-1 share consolidation. After it takes effect, a rights issue will be conducted, issuing 123 million shares at a subscription price of HKD 0.75, representing a premium of 2.74% over the theoretical closing price on the last trading day (24th). The fundraising amount is HKD 92.3 million, with a net amount of HKD 90.2 million intended for repaying loans and interest</p>

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<p>SANDMARTIN INTL announced a proposed share consolidation of 10 for 1. Upon effectiveness, a rights issue will be conducted, issuing 123 million shares at a subscription price of HKD 0.75, representing a premium of 2.74% over the theoretical closing price on the last trading day (24th). The fundraising amount is HKD 92.3 million, with a net proceeds of HKD 90.2 million, intended for repaying loans and interest</p>

SANDMARTIN INTL's premium placement after the merger raised a net amount of 90.2 million