Zhengwei Group Plans New Share Placement

Zhengwei Group Holdings Company Limited (HK:2147) has released an update.

Zhengwei Group Holdings Company Limited has announced an agreement after trading hours on September 27, 2024, to issue 192 million new shares at HK$0.034 each, potentially raising a maximum of HK$6.53 million. These shares represent 20% of the current issued capital and about 16.67% post-issue, aimed at bolstering the company’s general working capital. However, the deal is subject to certain conditions, including approval from the Board and the Listing Committee, and investors are cautioned as the placement may not proceed as planned.

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