Shandong Molong Petroleum Machinery (HKG:0568, SHE:002490) completed the placing of over 33.6 million new Hong Kong-listed shares to raise net proceeds of HK$114.9 million.

The shares were placed to at least six investors at HK$3.50 apiece, a Monday Hong Kong bourse filing showed.

The shares represent around 10.66% and 3.92%, respectively, of the company's Hong Kong-listed shares and total shares in issue as enlarged by the placement.