Zhongzheng International (HKG:0943) completed the issue of 504,574,140 shares to two subscribers at HK$0.20 apiece to set off shareholder's loans obtained from the subscribers, a Tuesday Hong Kong bourse filing said.
The shares represent 44% of the healthcare and household products company's enlarged issued share capital.
The parties had first agreed on the settlement of debt through a share issue in May.
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