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.

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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