Wai Hung Group Clarifies Share Pricing, Resumes Trading

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

Wai Hung Group Holdings Ltd. has clarified the placing price for its new share issuance at HK$0.0204 per share, which is a notable discount from the recent closing prices, aiming to raise approximately HK$2.06 million in gross proceeds. The net proceeds, expected to be around HK$2.03 million after expenses, will be allocated for the group’s general working capital. Additionally, the company has announced the resumption of trading of its shares following a brief suspension.

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