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Wenye Group Holdings Limited ( (HK:1802) ) has issued an announcement.
Wenye Group Holdings Limited has announced a potential rights issue, which involves offering four new shares for every existing share held by shareholders. The company has entered into an underwriting agreement with GLAM Capital Limited to fully underwrite up to 3,326,400,000 rights shares at a subscription price of HK$0.045 per share. This move is aimed at increasing the company’s share capital, potentially raising the total number of shares to 4,158,000,000 upon completion. The underwriting agreement ensures that any unsubscribed shares will be fully covered, providing financial stability and supporting the company’s strategic objectives.
More about Wenye Group Holdings Limited
Average Trading Volume: 1,680,033
Technical Sentiment Signal: Sell
Current Market Cap: HK$36.59M
For detailed information about 1802 stock, go to TipRanks’ Stock Analysis page.