Huisheng International to Raise HK$5 Million via Share Subscription; Shares Jump 9%

MT Newswires Live

2 hours ago

Huisheng International Holdings (HKG:1340) plans to issue 11 million new shares at HK$0.48 each to two independent third-party subscribers, according to a Tuesday filing with the Hong Kong bourse.

The shares represent 7.95% of the company's existing share capital and 7.36% of the enlarged share capital upon completion. The subscription price is in line with the Sept. 15 closing price.

The company expects net proceeds of about HK$5.10 million, which will be used as general working capital, including repayment of indebtedness.

Shares of the firm were up over 9% in Wednesday morning trade.

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The subscription price is in line with the Sept. 15 closing price.</p><p>The company expects net proceeds of about HK$5.10 million, which will be used as general working capital, including repayment of indebtedness.</p><p>Shares of the firm were up over 9% in Wednesday morning trade.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1237","symbol_name":"包装食品与肉类","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2667672314","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2667672314","pubTimestamp":1789533890,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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