WAI HUNG GROUP (03321) plans to discount 20% of the rights issue, with a maximum net proceeds of approximately 1.99 million Hong Kong dollars.
Weihong Group Holdings (03321) announced that on September 16, 2024, the company intends to issue shares through placement agents to...
WAI HUNG GROUP (03321) announced that on September 16, 2024, the company plans to issue a maximum of 100.93 million shares through a placing agent to at least six placing persons at a placing price of HK$0.02 per share, representing a 20% discount to the closing price of HK$0.025 per share on that day. The shares to be placed represent approximately 16.67% of the enlarged share capital.
The maximum gross proceeds from the placing are expected to be approximately HK$2.02 million, with net proceeds of approximately HK$1.99 million, intended for the general working capital of the group.
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