YOURAN DAIRY (09858) saw its shares rise nearly 5% in late trading. At the time of writing, the stock was up 4.84%, trading at HK$4.98 with a turnover of HK$108 million. The movement follows the company's recent announcement of a fundraising initiative. YOURAN DAIRY plans to raise approximately HK$2.33 billion (about RMB 2.07 billion) through a combination of a top-up placement and a specific mandate subscription. The primary source of this capital injection is its major shareholder, Inner Mongolia Yili Industrial Group. Upon completion of the transaction, Yili's stake in YOURAN DAIRY is expected to increase from 33.93% to 36.07%. According to an analysis by Guotai Junan Securities, the net proceeds from the fundraising, amounting to HK$2.33 billion, will be allocated towards repaying loans and advancing digital transformation initiatives. The company continues to focus on reducing costs, improving efficiency, and optimizing its asset structure. Furthermore, with asset acquisition costs appearing favorable at the current cycle bottom, YOURAN DAIRY may pursue further integration and optimization of its farm layout in the future.