CHINA NEXT-GEN (03928) completed the placement of 16 million shares, raising approximately HK$141 million net.

17:29 25/02/2026

China New Retail Supply Chain (03928) announced that all the prerequisites specified in the placement agreement have been met, and the completion of the placement was finalized on February 25, 2026. A total of 16 million shares of placement shares (approximately 3.23% of the total issued share capital of the company after the placement and issue of new shares) were successfully placed at a placement price of HK$8.88 per share to no fewer than six placing agents. The net proceeds from the placement amount to approximately HK$141 million, with a net subscription price of approximately HK$8.80 per share.

CHINA NEXT-GEN (03928) announced that all the conditions precedent stipulated in the subscription agreement have been fulfilled, and the completion of the subscription was finalized on February 25, 2026. A total of 16 million shares (accounting for approximately 3.23% of the enlarged share capital of the company) were successfully subscribed at a subscription price of HK$8.88 per share to no fewer than six sub-underwriters. The net proceeds from the subscription amount to approximately HK$141 million, with a net subscription price per share of around HK$8.80.

On February 25, XD INC (02400) spent 4.8488 million Hong Kong dollars to repurchase 63,000 shares.

HuaDian Heavy Industries (601226.SH) won a bid for a related EPC project worth 827 million yuan.

Wens Foodstuff Group (300498.SZ) plans to spend 800 million to 1.2 billion yuan to implement the repurchase of A shares.

On February 25, XD INC (02400) spent 4.8488 million Hong Kong dollars to repurchase 63,000 shares.

HuaDian Heavy Industries (601226.SH) won a bid for a related EPC project worth 827 million yuan.

Wens Foodstuff Group (300498.SZ) plans to spend 800 million to 1.2 billion yuan to implement the repurchase of A shares.