Summary by Futu AI
Zhengwei Group (Zhengwei) announced on November 18, 2024, that it will issue 160,000,000 new shares at a price of HK$0.038 per share, accounting for 16.67% of the enlarged share capital. This issuance will increase the company's share capital from the original 960,000,000 shares to 1,120,000,000 shares, a 16.67% increase. After the issuance, Shengyao Investment Group Limited (Shengyao Investment), Prosperous Season Group Limited (Prosperous Season), and Trendy Peak International Limited (Trendy Peak) will hold 29.51%, 25.29%, and a minimal amount of shares respectively. In addition, Best Talent Venture Holdings Limited (Best Talent) will hold 57.14% of the company's shares. This share issuance is part of Zhengwei Group's capital structure adjustment and is expected to be completed on December 9, 2024.