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Zhengwei Group Changes Year End Date to June 30
Zhengwei Group Seeks HK$6 Million Via Private Placement
Zhengwei Group (02147.HK) proposes to place a maximum of 0.16 billion shares at a discount of approximately 19.15%, raising a net of 5.76 million Hong Kong dollars.
On November 18, 2023, Zhengwei Group (02147.HK) announced that on November 18, 2024, the company entered into a placement agreement with the placement agent, whereby the company appoints the placement agent to act as its agent to facilitate the subscription of up to 0.16 billion placement shares by no less than six subscribers at a price of 0.038 HKD per placement share, on a best effort basis, in accordance with the terms and conditions of the placement agreement. The placement shares will be issued and allocated under the general authorization. The placement price represents a discount of approximately 1 compared to the closing price of 0.047 HKD per share reported on the Stock Exchange on November 18, 2024 (the last trading day).
Express News | Zhengwei Group - Placing up to 160 Mln Shares at HK$0.038 per Share
Zhengwei group (02147.HK) changes the fiscal year-end date.
Grain Group announced on November 15th that the company's fiscal year end date has been changed from December 31st to June 30th, effective immediately. Therefore, the company's next fiscal year end date will be June 30, 2025, and the next audited financial statements to be published by the group will cover a period of eighteen months from January 1, 2024 to June 30, 2025.
zhengwei group announced the failure of the sale agreement.
Zhengwei Group (02147) announced that, due to the failure to reach the precondition of the placement agreement (revised by the first and second supplementary agreements) by November 11, 2024, the placement agreement expired on November 11, 2024, and the placement will not proceed. According to the placement agreement, the responsibilities of the placement agent and the company will cease and terminate, with no contracting party entitled to make any claims against the other party (except for any prior breaches of obligations under the placement agreement). The board of directors believes that the expiration of the placement agreement will have no significant adverse impact on the group's existing business operations and financial condition.
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