HUISHENG INTERNATIONAL Completes Placement of 185 Million Shares, Raising Approximately HK$8.22 Million Net Proceeds
Stock News
Jun 12
HUISHENG INTL (01340) has announced the fulfillment of all conditions under its placement agreement, with the transaction finalizing on June 12, 2026.
A total of 185 million placement shares, equivalent to 20% of the company's issued share capital immediately before completion and approximately 16.67% of the enlarged issued share capital following the allotment and issue, were successfully placed to no fewer than six placees at a price of HK$0.046 per share.
The gross proceeds from the placement amount to approximately HK$8.49 million.
After deducting placement commissions and other related expenses, the net proceeds are approximately HK$8.22 million.
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