HUICHENG INTL H (01146.HK) plans to issue to shareholders in total 100 million shares by subscription, with estimated net proceeds of HKD 9.04 million

NewTimeSpace News, HUICHENG INTL H (01146.HK) announced on May 26, 2026 that the company has entered into a subscription agreement with the Shareholder on May 26, 2026. According to the agreement, the subscriber conditionally agreed to subscribe for in total 100 million shares subscription, which represent approximately 2.9% of the company's existing issued share capital as of the date of this announcement, and approximately 2.82% after the subscription.
The subscription price per share is HKD 0.1. The total proceeds from the subscription are estimated to be about HKD 10 million. After deducting the subscription commission, professional fees, and all related expenses that the company may incur, the net proceeds from the subscription are estimated to be approximately HKD 9.04 million.

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