Hong Kong Exchanges and Clearing Limited's latest data reveals that on January 14th, a shareholder of Sunshine Oilsands Ltd. (02012) deposited shares with Futu Securities International (Hong Kong) Limited. The deposited shares had a market value of HK$18.6333 million, representing 7.58% of the company's issued share capital. On December 21, 2025, Sunshine Oilsands proposed to place up to approximately 114 million shares through Manhao Securities at a price of HK$0.36 per share. This represents a discount of roughly 10.00% compared to the closing price of HK$0.40 on December 19, 2025. The placement is expected to raise gross proceeds of up to approximately HK$41.1408 million, with net proceeds estimated at around HK$40.318 million. The company intends to allocate these funds for its general working capital purposes.