Huissen Homes International Group Limited (stock code: 2127) announced on 8 February 2024 that it has partnered with the acquirer Kwok Properties Pte. Ltd. entered into a subscription agreement and conditionally agreed to issue and distribute 306,908,000 new shares at a subscription price of HK$0.135 per share. The subscribed shares represent approximately 9.09% of the Company's existing issued share capital and approximately 8.33% of the extended issued share capital. The total amount of proceeds is expected to be approximately HK$41,432,580, net of approximately HK$40,811,091.30 after excluding related expenses. The company plans to use the full amount of net proceeds to purchase raw material manufacturing ODM products and is expected to be active by the end of 2024. The completion of the subscription is subject to certain...Show More

Huissen Homes International Group Limited (stock code: 2127) announced on 8 February 2024 that it has partnered with the acquirer Kwok Properties Pte. Ltd. entered into a subscription agreement and conditionally agreed to issue and distribute 306,908,000 new shares at a subscription price of HK$0.135 per share. The subscribed shares represent approximately 9.09% of the Company's existing issued share capital and approximately 8.33% of the extended issued share capital. The total amount of proceeds is expected to be approximately HK$41,432,580, net of approximately HK$40,811,091.30 after excluding related expenses. The company plans to use the full amount of net proceeds to purchase raw material manufacturing ODM products and is expected to be active by the end of 2024. The completion of the subscription is subject to certain conditions, including the approval of the Listing Committee of the Exchange by the Listing Committee of the Stock Exchange and the sale of the subscription. If the conditions are not met within the specified period, the subscription agreement may be invalid. Huison Home's main business is the production and sale of furniture, and its products are mainly sold to markets such as the United States.