Zhuguang Holdings’ Vote on Major Share Issuance

Zhuguang Holdings Group Co., Ltd. (HK:1176) has released an update.

Zhuguang Holdings Group Co., Ltd. has announced a special general meeting to be held on August 16, 2024, where shareholders will vote on a resolution to approve a subscription agreement for issuing 1.625 billion new shares at HK$0.20 each. Shareholders will also grant directors a specific mandate to allot these shares, which will be on par with existing ordinary shares. The meeting will facilitate necessary actions to complete the agreement and advance the company’s financial strategy.

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