Haowen Holdings(08019) and Chengmai Junli enter into a supplemental memorandum of understanding

LootboxPhobia · 2026-03-01T17:02:15+00:00

Haowen Holdings and Chengmai Junli signed a supplementary memorandum of understanding, planning to issue up to 106 million new shares, aiming to raise funds to support operations and strengthen financial position, laying the foundation for future development and business expansion.

LootboxPhobia

2026-03-01 17:02:15

Abstract generation in progress

Reuters Finance APP News, Haowen Holdings (08019) announced that on March 1, 2026, the company entered into a supplemental memorandum of understanding with Chengmai Junli.

The supplemental memorandum of understanding includes (but is not limited to): (i) the company’s plan to sell up to 106 million new shares through a placing agent under a special authorization (accounting for approximately 22.94% of the enlarged issued share capital); and (ii) Chengmai Junli’s intention to subscribe for up to 106 million new shares to be issued and allotted in connection with the possible placing.

The directors believe that the potential subscription and placing are opportunities to raise additional funds to meet the group’s general working capital needs and to strengthen the group’s financial position. The directors are confident that these transactions will be beneficial to the group’s long-term development and will broaden its shareholder and capital base, thereby driving future growth and business development.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.