Rongzun International Holdings Sells 60% Stake in HK$166 Million Private Placement

Reuters10-28

Rongzun International Holdings Sells 60% Stake in HK$166 Million Private Placement

Rongzun International Holdings Group Ltd. has announced the completion of a private placement of existing shares by its controlling shareholder. A total of 372 million shares, representing 60% of the company's issued share capital, were placed to 12 independent investors at HK$0.446 per share. The placement was conducted through a placing agent, and all placees have confirmed their independence from the company. Under the terms of the agreement, no individual placee or group acting in concert will hold 30% or more of the company's shares upon completion, thereby avoiding the requirement for a mandatory general offer under local takeover regulations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rongzun International Holdings Group Ltd. published the original content used to generate this news brief on October 28, 2025, and is solely responsible for the information contained therein.

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