Huisen Household International Group (HKG:2127) agreed to allot and issue 146 million shares to Shou Xiang Consultancy Services (Shenzhen) at HK$0.027 apiece to offset an outstanding fee worth nearly 3.7 million yuan, a Monday Hong Kong bourse filing said.
The fee payable to the subscriber by unit Huisen Holding Investment (Ganzhou) will be fully settled following the issue.
The shares represent around 3.81% of the furniture manufacturer's enlarged issued share capital.
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