XXF (02473) rebounded strongly, gaining nearly 15%. At the time of writing, the stock was up 15.71%, trading at HK$0.81 with a turnover of HK$299 million. The surge follows the company's recent announcement regarding a share placement and subscription agreement involving the company, the seller Pearl Capital Resources Limited, and a placing agent. Under the agreement, the seller plans to place approximately 155 million existing shares to no fewer than six placees at HK$0.82 per share. This represents a discount of approximately 2.38% compared to the closing price of HK$0.84 per share on the last trading day on the Stock Exchange. Concurrently, the company will issue the same number of new shares to the seller at HK$0.82 per share, aiming to raise net proceeds of approximately HK$126 million. The funds are intended for further procurement of vehicles related to the group's main business operations and for related purposes.