Zhengwei Group to Issue New Shares for Capital

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

Zhengwei Group Holdings Company Limited has entered into a Placing Agreement to issue 160 million new shares, representing 16.67% of its existing share capital, at HK$0.038 per share. The initiative aims to raise approximately HK$5.76 million net proceeds for general working capital. Investors are advised to exercise caution as the placement’s completion is subject to certain conditions.

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