Wai Hung Group Announces Conditional Share Placement

Wai Hung Group Holdings Ltd. (HK:3321) has released an update.

Wai Hung Group Holdings Ltd. has entered into an agreement with SBI E2-Capital Securities Limited to conditionally place up to 100,930,000 new shares, representing about 20% of the current issued capital and 16.67% post-placement. The shares are offered at a 20% discount to the closing price on the date of the agreement, aiming to raise a maximum of HK$2.02 million in gross proceeds. Investors are cautioned that the placement’s completion is subject to certain conditions and may not proceed.

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