HK Stock Market Move | E&P GLOBAL (01142) dropped more than 12%, with a 1403.5% year-on-year increase in mid-term attributable losses to shareholders. It plans to issue shares at a premium to repay debts, among other things.

E&P GLOBAL (01142) drops over 12%, as of the time of publication, down by 12.5%, at HK$0.28, with a turnover of HK$87.93 million. On the news front, on November 28, E&P GLOBAL released its performance for the six months ended September 30, 2025, with revenue of HK$221 million, a decrease of 8.4% year-on-year; the net loss attributable to owners of the company was HK$1.411 billion, an increase of 1403.5% year-on-year; and a basic loss per share of HK$0.38. In addition, E&P GLOBAL announced that on November 27, 2025, the company plans to issue up to 1.368 billion shares of issued shares through a placing agent, with each placed share priced at HK$0.34, a premium of approximately 1.49% over the closing price of HK$0.335 per share on the date of the placing agreement on the Stock Exchange. According to the announcement, after the placement is completed, the net proceeds from the placement of approximately HK$460 million, about 57.67% will be used to repay the group's debt; approximately 8.70% will be used to allocate funds to expand the group's existing trading business of energy products (such as diesel/gasoline) in Korea; approximately 21.76% will be used to allocate funds to expand the group's existing trading business of energy products (such as coal) in China; approximately 7.18% will be used to allocate funds to explore potential opportunities in renewable energy; and approximately 4.69% will be used for the group's general operating expenses.