Hong Kong-based Sino Haijing Holdings has announced plans to raise approximately HK$160m ($20.53m) in a private placement of approximately 1.23bn shares priced at HK$0.13 ($0.016) a share.

Kingston Securities is the placement agent for the transaction.

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Sino Haijing manufactures polystyrene packaging products for household electrical appliances.

Plastics Capital has announced plans to issue 3,194,445 new ordinary shares priced at £1.17 ($1.51) a share to raise approximately £3.74m ($4.84m) in a private placement.

Based in the UK, Plastics Capital is engaged in the manufacturing of plastic packaging and industrial products.

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