Wenye Group Plans Extraordinary Meeting for New Share Issue

Wenye Group Holdings Limited (HK:1802) has released an update.

Wenye Group Holdings Limited is set to hold an extraordinary general meeting (EGM) on October 10, 2024, to discuss and potentially approve the issue of 237,600,000 new shares at HK$0.055 per share, based on subscription agreements with various investors. The meeting aims to authorize directors with a specific mandate to issue these shares, contingent on approval from the Hong Kong Stock Exchange. Shareholders are entitled to appoint proxies to vote on their behalf at the EGM.

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