FINWIRES · TerminalLIVE
FINWIRES

361 Degrees International Eyes HK$618 Million via Top-Up Placement

By

-- 361 Degrees International (HKG:1361) is looking to raise HK$618 million via top-up placement, according to a Hong Kong bourse filing Tuesday.

Ming Rong International, a shareholder, plans to sell up to 100 million shares in the company to new investors at HK$6.18 apiece.

The sportswear maker will then issue new shares to Ming Rong, which agreed to subscribe for the exact number of shares it would sell at the same price.

Upon completion of the deals, Ming Rong's stake in 361 Degrees will fall to 15.11% from 15.85%.

361 Degrees said deal proceeds will be used to expand its presence in overseas markets and beef up working capital.

Related Articles

Asia

Beijing-Shanghai High-Speed Railway's Q1 Profit Up 6%, Revenue Rises 3%

Beijing-Shanghai High-Speed Railway (SHA:601816) posted first-quarter attributable net profit of 3.14 billion yuan, up 6% from 2.96 billion yuan the previous year.Earnings per share rose to 0.0642 yuan from 0.0604 yuan, according to a Thursday filing with the Shanghai bourse.Operating revenue at the rail transportation services provider rose 3.3% year over year to 10.6 billion yuan from 10.2 billion yuan.

$SHA:601816
International

Australia's Producer Prices Rise in March Quarter

Australia's producer prices, excluding exports, increased 0.4% in the March quarter, following a 0.8% rise in the December 2025 quarter, according to data from the Australian Bureau of Statistics published Friday.The main drivers of quarterly growth were property operators, up 1% amid strong demand and rising residential rents; petroleum refining and petroleum fuel manufacturing, up over 10% due to higher oil prices; and tertiary education services, which rose 2.2% due to annual fee adjustments, the report said.Selected producer price indexes rose across key sectors, including a 2.1% increase in manufacturing driven by non-ferrous metals, a 1% rise in construction driven by house building, and an increase in education and training services due to higher export fees in higher education.On an annual basis, final demand growth rose 3% in the year to the March quarter, down from a 3.7% increase a year earlier.

$^AXJO
Asia

ASX Midday Sector Update: Materials Stocks Lead Broad Market Gains

Materials stocks were leading gainers in midday trading on Friday, with a rise of 2.4%, as all other sectors were also in the green following a strong rally in the US and a decline in the price of Brent crude.Sector heavyweights BHP Group (ASX:BHP) and Rio Tinto (ASX:RIO) both advanced around 3%.EQ Resources (ASX:EQR) fell nearly 9% after saying it will not proceed with a proposed acquisition of Tungsten Metals Group following a review of strategic priorities.

$^AXJO$ASX:BHP$ASX:EQR$ASX:RIO