HAO TIAN INTL (01341) fell more than 4%, hitting a historic low of HK$0.098. At the time of writing, the stock was down 3.85% to HK$0.10, with a turnover of HK$39.74 million.

The company recently announced a placement of 249 million new shares at HK$0.118 per share, representing a slight 0.85% premium over the previous closing price. The net proceeds of HK$28.7 million will be used to expand its licensed margin financing business.

HAO TIAN INTL's interim results showed revenue of HK$41 million, down 52.33% year-on-year, while the net loss attributable to shareholders narrowed by 49.3% to HK$36 million. The revenue decline was primarily due to improved client liquidity in the current stock market environment, reducing demand for margin financing services.