Zhengwei Group Revises Share Placement Terms

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

Zhengwei Group Holdings Company Limited has announced amendments to their previous share placement agreement, including a new deadline set for 21 October 2024, a reduction in the number of shares to be placed from 192 million to 160 million, and an increase in the placing price per share from HK$0.034 to HK$0.036. These changes are expected to make none of the Placees a substantial shareholder post-completion, and the company believes the revised terms are fair and in the shareholders’ interests under current market conditions.

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