Summary by Futu AI
c zenith chem announced on November 28, 2024, that all preconditions for the special authorization to issue new shares have been met before the deadline. However, as the placement agent requires more time to encourage subscribers to subscribe for new shares, the company and the placement agent have agreed to extend the completion date to December 31, 2024, or earlier. The company will make further announcements in due course regarding the completion of the placement. Acting CEO Luo Ziping said that this delay is to ensure the smooth progress of the issuance.