January twenty _ sixth$Hengteng Network (00136.HK) $Announced on the Hong Kong Stock Exchange that the company intends to$Tencent (00700.HK) $Its Water Lily company and senior investor Liu Xueheng issued 64 million shares and 56 million shares respectively. The new shares are worth HK $2.50 a share, a premium of about 9.17 per cent to the closing price of HK $2.29 on January 25.

According to the company, the net income from this additional share issue is about HK $300 million, which is intended to be used as the general working capital of the Group and for the development and expansion of the Group's business.

Analysts said that in November 2021, Tencent reduced his stake in Hengteng Network several times, cashing in more than HK $550 million, when the selling price was HK $1.96. Tencent's premium subscription to Hengteng Network shows that he is optimistic about Hengteng's future operation. After the signing of the agreement, the capital structure of Hengteng network has been improved to provide financial support for future business development and industrial investment. After Evergrande withdrew from Hengteng network, Tencent worked closely with Hengteng network, coupled with Tencent's subscription shares, Tencent's investment strategy for Hengteng network may have a new plan.

As of January 26, Hengteng rose 7.86% to HK $2.470. Tencent rose 0.69% to HK $469.800.