CHINA HONGGUANG (08646) Finalizes Placement of 74 Million Subscription Shares, Net Proceeds Approximately HK$10.96 Million
Stock News
Apr 23
CHINA HONGGUANG (08646) has announced that all conditions precedent under the share subscription agreement have been fulfilled. The share subscription was completed on April 23, 2026, following written consent from the company and the subscriber. Upon completion of the subscription, 74 million new shares, representing approximately 9.51% of the company's enlarged issued share capital as of the date of this announcement, were issued to the subscriber at a price of HK$0.15 per share. The gross proceeds from the share subscription amount to approximately HK$11.1 million. After deducting relevant fees and expenses, the net proceeds totaled approximately HK$10.964 million.
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