CHINA NEW HLDGS (08125) has completed the placing of 15.44 million shares, raising approximately 6.1 million Hong Kong dollars.
Zhongxin Holdings (08125) announced that all the conditions set forth in the placement agreement have been met and the placement has been completed on May 15, 2026 in accordance with the terms and conditions of the placement agreement. The placement agent successfully placed 15.44 million shares at a price of HK$0.425 per share to three placees (Mr. Cui Feng, Ms. Zhang Yue, and Mr. Guo Lei), representing approximately 8.55% of the company's issued share capital following the completion of the placement.
CHINA NEW HLDGS (08125) announced that all conditions stipulated in the placement agreement have been met and the placement has been completed on May 15, 2026 in accordance with the terms and conditions of the placement agreement. The placement agent has successfully placed 15.44 million shares at a price of HKD 0.425 per share to three placing agents (Mr. Cui Feng, Ms. Zhang Yue, and Mr. Guo Lei), representing approximately 8.55% of the company's issued share capital after the placement.
The net proceeds from the placement, after deducting the placement commission and other related expenses (including professional fees), is approximately HKD 6.1 million.
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