HUICHENG INTL H (01146) plans to issue 100 million subscription shares at a premium of approximately 88.7%, raising approximately HK$904 million.

HUICHENG INTL H (01146) announced that on May 26, 2026, the company intends to issue 100 million subscription shares to Ms. Zhang Kailun at a subscription price of HK$0.10 per share, representing a premium of approximately 88.7% over the closing price on that day. The total cash consideration is HK$10 million, with a net amount of approximately HK$9.04 million. Approximately 50% of the proceeds will be used for exploring business development and investment opportunities to enhance shareholder value, while the other 50% will be used to supplement cash resources due to operating cash outflows and to strengthen cash reserves to support dividend payments for the next few years after paying dividends at the end of 2025. The subscriber is Ms. Zhang Kailun, who directly holds approximately 5.02% of the company's issued shares as of the announcement date. Mr. Zhang Yongli, her father, is an executive director, chairman, and CEO of the company and holds approximately 24.73% of the company's issued shares.