3 stories mentioning HKG:1361Updated 36d ago
Every FINWIRES story that references HKG:1361, newest first.
361 Degrees International (HKG:1361) completed the placing of 100 million shares on April 30 to raise net proceeds of HK$610 million.The shares were placed to at least six investors at HK$6.18 apiece, according to a Thursday filing from the sportswear maker.The company will use proceeds to expand its network of overseas markets, as well as for general working capital and other general corporate purposes.
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.
361 Degrees International (HKG:1361) said retail sales of its core and kids' brands each rose about 10% year over year in the first quarter of 2026, according to a Wednesday Hong Kong bourse filing.Sales through the company's e-commerce platform climbed in mid-double digits, the firm said.
