Shengneng Group (02459.HK) plans to conduct a rights issue on a "2-for-1" basis, raising approximately 44.5 million Hong Kong dollars.

Zhixin Finance and Economics App news, Singyes Group (02459.HK) announced that the company proposes to issue up to 5.7 billion rights shares at a subscription price of HK$0.08 per share for every 2 existing shares held on the record date, shareholders can subscribe for 1 rights share. The company aims to raise a total of approximately HK$45.6 million through the rights issue. The rights issue is only open to eligible shareholders and will not be offered to ineligible shareholders.