China Health Group Ltd. Announces New Share Subscriptions, Proposed 3-for-10 Rights Issue, and Connected Transactions

Reuters
May 23
China Health Group Ltd. Announces New Share Subscriptions, Proposed 3-for-10 Rights Issue, and Connected Transactions

China Health Group Ltd. has entered into three subscription agreements for new shares. The transactions involve Subscriber A (wholly owned by Mr. Ying) acquiring 500,000,000 shares for HK$50,000,000, Subscriber B (wholly owned by Ms. Ying, daughter of Mr. Ying) acquiring 100,000,000 shares for HK$10,000,000, and Subscriber C acquiring 100,000,000 shares for HK$10,000,000. The total number of shares involved in these transactions is 700,000,000, with a total consideration of HK$70,000,000.

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