Shanghai XNG Holdings Ltd., a company incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange, has announced a placement of new shares under a general mandate. The company will issue a maximum of up to 442,606,000 new shares at a placing price of HK$0.020 per share. The process is being facilitated through a Placing Agreement with an appointed financial adviser and placing agent. This move follows a general mandate granted to the company's directors at the annual general meeting held on June 28, 2024.
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