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Guanglian Engineering Holdings Limited (01413.HK) plans to sell up to 0.2 billion shares with a premium of approximately 24.14%, raising about HKD 34.7 million in funds.
On July 26th, GeLongHui announced that Guanglian Engineering Holdings (01413.HK) had signed a placement agreement with its placement agent on July 26, 2024. The company intends to issue up to 0.2 billion shares, accounting for 20.00% of the total number of issued shares as of the date of this announcement. It is estimated that the net proceeds from the placement will be approximately HK$34.7 million, and the director intends to use the net proceeds from the placement to
Guanglian Engineering Control Holdings (01413.HK): Zheng Chengxin has resigned as an independent non-executive director.
On July 25th, GeLongHui reported that since July 25, 2024: Ms. Zheng Chengxin has resigned as an independent non-executive director, chairman of the audit committee, member of the nomination committee, and member of the remuneration committee; Mr. Huang Yaojie has resigned as independent non-executive director, member of the audit committee, member of the nomination committee, and chairman of the remuneration committee; Mr. Wang Guoan has been appointed as an independent non-executive director, chairman of the remuneration committee, and member of the audit committee and nomination committee; Ms. Li Bizhi has been appointed as an independent non-executive director, chairman of the Audit Committee, and member of the Nomination Committee and Remuneration Committee; Mr. Liang Weikang has resigned as the company secretary and is no longer the authorized representative; Mr. He Yuming has been appointed as the company secretary and authorized representative; and Mr. Ye Guangxiang has retired from the position of ex
KWONG LUEN ENG: 2023/24 ANNUAL REPORT
Kwong Luen Engineering Holdings Share Placement Lapses
Guanglian Engineering Control (01413.HK) has terminated the sale of up to 0.2 billion shares.
On July 12th, GeLongHui announced that Guanglian Engineering Holdings (01413.HK) is authorized to issue up to 0.2 billion shares for general authorization placement. The conditions under the placement matters were not met by July 12, 2024. Therefore, the placement agreement did not become unconditional and expired on July 12, 2024. According to the placement agreement, all obligations and liabilities of the parties under the agreement regarding the placement matters will be terminated, and no party shall make any claims against the other party in connection with any matters arising from or related to the placement agreement, except for any prior violators.
Kwong Luen Engineering Profit, Revenue Surge in FY2024
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