HUISHENG INTL (01340.HK) plans to issue up to 184.57 million shares by placement, with estimated net proceeds of HKD 8.22 million

NewTimeSpace News, HUISHENG INTL (01340.HK) announced on May 20, 2026 that the company has entered into a placement agreement with the placement agent on May 20, 2026. According to the agreement, the placing agent conditionally agreed to use its best endeavors to procure placees to subscribe for up to 184.57 million shares placement, which represent approximately 20% of the company's existing issued share capital as of the date of this announcement, and approximately 16.67% after the subscription.
The placement price per share is HK cents 4.6, at a discount of approximately 19.3% to the closing price of HK cents 5.7 per share on the HKEX on the date of the placement agreement. The total proceeds from the placement are estimated to be about HKD 8.49 million. After deducting the placement commission, professional fees, and all related expenses that the company may incur, the net proceeds from the placement are estimated to be approximately HKD 8.22 million.

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