China Hongguang Completes HK$11.10 Million Share Placement; Free Float Rises to 46.42%

Bulletin Express
昨天

China Hongguang Holdings Limited has completed the issuance of 74.00 million new shares under its existing general mandate, enlarging the company’s share base to 782.99 million shares from 708.99 million.

Key transaction terms • Issue price: HK$0.15 per share • Gross proceeds: HK$11.10 million • New shares as a percentage of the enlarged share capital: 9.45%

Post-placement shareholding • Ming Liang Global Power Solution International Holdings Limited remains the controlling shareholder with 394.75 million shares, though its stake fell to 50.42% from 55.68%. • A separate pre-existing shareholder holding 24.75 million shares saw its interest diluted to 3.16% from 3.49%. • Public shareholders now hold 289.49 million shares, representing 36.97% of the company—up from 40.83 million in absolute terms but down to 36.97% proportionally. • The new subscribers collectively own 74.00 million shares, equating to a 9.45% stake.

The board confirmed that all other details in the original 23 April 2026 announcement remain unchanged.

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