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Huisen Household International Group Limited ( (HK:2127) ) has issued an update.
Huisen Household International Group Limited has entered into a Subscription Agreement to issue 146,000,000 shares at a price of HK$0.027 per share to offset an outstanding fee of RMB3,650,000 owed to a corporate consultant. This move will result in the issuance of shares representing approximately 3.81% of the company’s enlarged share capital, effectively settling the outstanding fee and waiving any accrued interest. The transaction is expected to enhance the company’s financial position by converting debt into equity, potentially improving its market standing and stakeholder confidence.
More about Huisen Household International Group Limited
Huisen Household International Group Limited is a company incorporated in the Cayman Islands, operating within the household goods industry. It focuses on providing consultancy services such as business strategic planning, public relations, internal team-building, and investor relation management.
Average Trading Volume: 11,099,892
Technical Sentiment Signal: Sell
Current Market Cap: HK$99.44M
See more insights into 2127 stock on TipRanks’ Stock Analysis page.