HUISHENG INTL (01340) has announced the fulfillment of all conditions under its placement agreement, with the transaction finalizing on June 12, 2026.

A total of 185 million placement shares, equivalent to 20% of the company's issued share capital immediately before completion and approximately 16.67% of the enlarged issued share capital following the allotment and issue, were successfully placed to no fewer than six placees at a price of HK$0.046 per share.

The gross proceeds from the placement amount to approximately HK$8.49 million.

After deducting placement commissions and other related expenses, the net proceeds are approximately HK$8.22 million.