Summary by Moomoo AI
LONGHUI INTL completed the placement and subscription matters on December 30, 2024. The company successfully placed 21 million existing shares to no fewer than six independent third-party underwriters and issued an equal number of new shares to the seller.The completion of this placement and subscription marks the successful implementation of the company's plan to expand its capital based on general authorization. The company's chairman and executive director, Mr. Hong Ruize, expressed delight, believing that this will provide more financial support for the company's future development.