SUNSHINE OIL (02012) announced on December 21, 2025, its intention to place up to approximately 114 million shares through Man Ho Securities at HK$0.36 per share. The placement price represents a 10.00% discount to the closing price of HK$0.40 on December 19, 2025.
The maximum gross proceeds from the placement are expected to be around HK$41.14 million, with net proceeds estimated at HK$40.32 million. The funds raised will be allocated for the company's general working capital purposes.
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