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Cheehong Launches HK$113M Share Placement at 17% Discount to Raise Capital

2026-07-16 00:07:56

JIHONG GROUP5.08%

Cheehong Shares Limited (02603) announced a placement of up to 9.3715 million new H-shares at HK$12.24 per share, representing a 17.02% discount to the previous close of HK$14.75. The placement is expected to raise approximately HK$115 million gross (HK$113 million net). Proceeds will fund cross-border social e-commerce expansion (80%), supply chain optimization and CPG packaging business expansion (10%), and working capital and general corporate purposes (10%). The placement shares represent approximately 12.13% of the enlarged H-share capital.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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