Changes in Hong Kong stocks | Haotian International Construction Investment (01341) fell more than 4% to a record low. The company raised funds to expand the licensed corporate financing and securities lending business

The Zhitong Finance App learned that Haotian International Construction Investment (01341) fell by more than 4%, reaching a record low of HK$0.098. As of press release, it decreased by 3.85% to HK$0.1, with a turnover of HK$397.351 million.

According to the news, Haotian International Construction Investment recently announced that it will place 249 million new shares at HK$0.118 per share, a slight premium of 0.85% over the closing price of the previous trading day. The net proceeds from the placement of HK$28.7 million are intended to expand the licensed corporate financing and securities lending business. The company's interim results showed revenue of HK$41 million, a year-on-year decrease of 52.33%; losses attributable to the owners of the company were HK$36 million, a decrease of 49.3% year-on-year. The decrease in revenue was mainly due to the overall improvement in customer liquidity in the current stock market environment during this period, and demand for guaranteed financial services declined.