Summary by Moomoo AI
c zenith chem announced on November 28, 2024, that, according to the agreement on special authorization for private placement of new shares, all preconditions have been met before the deadline. However, due to the need for more time to encourage subscribers to subscribe for new shares, the company and the placement agent have agreed to extend the completion date to on or before December 31, 2024. The company will make further announcements in a timely manner regarding the completion of the placement. Acting CEO Luo Ziping stated that this delay is to ensure the smooth progress of the private placement.
