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HK stocks fluctuate | Zhuguang hold (01176) rose nearly 12% in midday trading, and the first batch of rebuilt houses in Guangzhou Lijiao City Village reconstruction project will be delivered soon.
Zhuguang Hold (01176) rose nearly 12% during trading, as of press time, it rose 6.67%, to HKD 0.128, with a turnover of HKD 12.6954 million.
Zhuguang Holdings Settles Loan by Capitalization via Share Subscription
Zhuguang Holdings plans to issue 1.625 billion subscribed shares to Rongde Investment at a premium of approximately 21.21% to pay off debt.
Zhuguang Hold (01176) announced that on June 17, 2024 (after trading hours), the company entered into a subscription agreement with the subscriber Rongde Investment Co., Ltd. The subscriber will subscribe for and the Company will issue and allot 1,625 million subscription shares at a subscription price of HK$0.20 per share. The total subscription price for all subscription shares to be subscribed for by the subscriber is HK$325 million and will be paid in capitalization. The subscription price of HK$0.20 per subscription share represents a premium of approximately 21.21% over the closing market price per share of HK$0.165 on the trading day of the subscription agreement reported on the Stock Exchange of Hong Kong.
Zhuguang Hold (01176.HK) plans to issue 1,625 million shares to capitalize loans.
On June 17th, Gelunhui announced that on June 17th, 2024, the company signed a subscription agreement with the subscribing party Rongde Investment Co., Ltd. According to the agreement, the contracting party agreed under certain conditions that the subscribing party would subscribe, and the company would issue and distribute 1.625 billion subscription shares at a subscription price of HKD 0.20 per share. The total subscription price for all subscription shares to be paid by the subscribing party is HKD 325 million and will be settled in a capitalized manner. After the issuance of 1.625 billion subscription shares, it will account for approximately 22.49% of the company's issued share capital as of the announcement date.
Express News | Zhuguang Holdings- Aggregate Subscription Price of All Subscription Shares of HK$325 Mln
Express News | Zhuguang Holdings - to Allot and Issue 1.63 Bln Subscription Shares at HK$0.20 per Share
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