Summary by Futu AI
China Tianhua Group Limited (referred to as "c zenith chem") will hold a special shareholder meeting at 4:30 pm on October 17, 2024, on the 22nd floor of the Eurasian Trading Center in Central, Hong Kong. The main purpose of the meeting is to consider and approve the placement agreement for the issuance of up to 600,000,000 new shares under special authorization, which was signed with Rich Securities Financial Limited on September 20, 2024. The placement price is HK$0.1 per share, expected to increase the company's issued share capital by approximately 30.74%. The placement was completed in June 2024 and will formally take effect after approval at the special meeting by the shareholders. The placement aims to raise funds to repay group debts and related interest expenses, as well as to supplement working capital. The company has issued a circular on October 2, 2024, detailing the placement arrangements and the special meeting.