pennbattle38000lc| Hengxin Technology: Completed 77.6 million placing shares at a price of HK$0.96 per share

News summary

Newsletter text [Hengxin Technology completed the placement of 77.6 million shares at a price of 0

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.96 HKD/share]

Hengxin Technology (stock code: XXXX) announced on May 13, 2024 that its placing of 77.6 million shares had been successfully completed at a placing price of HK$0.96 per share. The placement was made after certain conditions were met, which were met on May 8.According to the announcement, the placing agent ensures that

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At least six placees participated in the placement. The announcement also pointed out that all conditions for the placement have been met, providing financial support for the company's further development and expansion.

{html}The successful completion of this placement not only enhanced Hengxin Technology's financial strength, but also demonstrated the market's confidence in it. The company is expected to use the funds raised this time to further promote the growth and expansion of its business.{html}