Zhengwei Group Raises HK$8.71 Million via Share Placing to Fund Advertising and Payroll
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Zhengwei Group Holdings has raised approximately HK$8.71 million through the placement of 11.2 million new shares at HK$0.80 each, representing 16.67% of its enlarged share capital. The funds will be allocated mainly for advertising (80.4%) and staff salaries (19.6%) over the next year. The company maintains its control structure, with no substantial shareholders emerging from the placement. The latest analyst rating for the stock is a Hold with a price target of HK$0.76.
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