XH NEWS MEDIA (00309.HK): placing of 5.83 million shares completed
On 2 November 2026, XH NEWS MEDIA (00309.HK) completed a placing of 5,830,000 new shares at HKD 0.8 each to not fewer than six placees, raising net proceeds of about HKD 4,564,000, or 11.19% of the enlarged share capital, for general working capital.
Key Highlights:
- The placing shares represent about 11.19% of the enlarged issued share capital.
- Net proceeds of about HKD 4,564,000 were raised after placing commission, professional fees and related expenses of about HKD 100,000.
NewTimeSpace News: On 2 November 2026, Xinhua News Media Holdings Limited (stock code: 00309) said its placing under a general mandate was completed. A total of 5,830,000 new shares were issued at HKD 0.8 each to not fewer than six placees under the general mandate granted on 28 September 2026. All placees are independent third parties and none became a substantial shareholder.
Net proceeds were about HKD 4,564,000 after expenses of about HKD 100,000, for general working capital. The placing shares represent about 11.19% of the enlarged issued share capital. After completion.
- XH NEWS MEDIA (00309.HK): Winding-up Petition Filed at the High Court over Unpaid Debt of About HK$4.05 Million
- XH NEWS MEDIA (00309.HK): Places up to 5,830,348 New Shares at HKD 0.8 per Share under General Mandate, Net Proceeds of about HKD 4.564 Million for Working Capital
- XH NEWS MEDIA (00309.HK): Winding-up Petition Withdrawn as HKD 588,808 Debt Fully Settled
- XH NEWS MEDIA(00309.HK): Creditor Winding-up Petition Over Unpaid Service Fees of Approximately HK$589,000, Hearing Scheduled on 9 September
- XH NEWS MEDIA (00309.HK) plans to issue in total 153 million shares
