On July 24, SHANDONG MOLONG rose 5.75% in regular trading, trading at HK$6.51/share, with turnover of HK$59.96 million.

On the news front, Barclays PLC acquired 6.1524 million shares at approximately HK$5.90 per share on July 20, raising its stake from 4.09% to 6.49% and triggering a disclosure of interest filing. The transaction involved approximately HK$36.31 million. This follows JPMorgan Chase's earlier increase of 5.884 million shares on July 3, which brought its holding to 5.75%.

Additionally, the company completed an H-share placement on July 22, issuing approximately 25.68 million new shares at HK$4.58 each under a general mandate, raising net proceeds of approximately HK$116 million for debt repayment and working capital. The placement shares represent about 10.03% of existing H-shares and 3.22% of total share capital. Successive institutional accumulation by major international banks and the successful capital raising collectively signal strengthening market confidence in the stock.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)