Rare Earth Magnesium Technology Group Holdings Limited (REMT) has completed a placing of 96.00 million new ordinary shares under its general mandate. The shares were allotted on 8 September 2026 at HKD 0.05 per share, representing a 16.2% increase relative to the company’s pre-placement issued share count of 592.60 million.

Following the transaction, REMT’s total issued share capital rose to 688.60 million shares. The placing is expected to raise gross proceeds of HKD 4.80 million, based solely on the disclosed issue price and volume.

All procedural confirmations—including board authorisation, receipt of subscription monies, and compliance with Hong Kong Stock Exchange listing rules—were submitted by the company secretary in the statutory Next Day Disclosure Return.