Summary by Futu AI
In the subscription schedule mentioned in the prospectus issued by Heng Yu Group Holdings Limited ("the Company") on May 20, 2024, the subscription activity ended at 4 pm on June 3, 2024. Only three valid applications were received, subscribing for a total of 11,729,391 shares, or approximately 5.05% of the total number of shares available for subscription. Therefore, 220,399,609 shares of shares offered for subscription were not subscribed, accounting for approximately 94.95% of the total number of shares offered. According to the Listing Rules, the Company has arranged for these un-subscribed shares to be offered to independent placing agents. The placement agent will use its best efforts to encourage the independent placing agents to subscribe for these shares at a price not lower than the subscription price during...Show More