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Zhongzheng International Company Limited ( (HK:0943) ) has issued an announcement.
Zhongzheng International Company Limited has completed a connected transaction involving the issuance of new shares under a specific mandate for debt capitalization. This transaction resulted in the allotment of 504,574,140 Capitalisation Shares to two subscribers, significantly altering the company’s shareholding structure. The transaction was executed at a Capitalisation Issue Price of HK$0.20 per share, with the total issue price offsetting existing shareholder loans. This move increases the shareholding of the subscribers to 60.5% collectively, while reducing the public shareholders’ stake to 30.3%.
More about Zhongzheng International Company Limited
Zhongzheng International Company Limited is a company incorporated in Bermuda, operating with limited liability. It is listed on the Hong Kong Stock Exchange under the stock code 943. The company is involved in financial transactions, including share issuance and debt capitalization.
Average Trading Volume: 236,878
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$2.56B
For a thorough assessment of 0943 stock, go to TipRanks’ Stock Analysis page.