---
title: "CHINA WACAN issued new shares at a premium to the chairman, with a net fundraising amount of 43.9 million"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/265198855.md"
description: "CHINA WACAN announced that it will issue 112 million new shares to its controlling shareholder and chairman Zhou Zhenlin, equivalent to an increase of 23.08% in the enlarged share capital, and must seek special authorization from shareholders; the price per share is set at RMB 0.3965, a premium of 4.34% compared to the last trading day (10th). The total subscription amount is RMB 44.53 million, with a net amount of RMB 43.90 million intended for working capital needs"
datetime: "2025-11-10T18:04:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/265198855.md)
  - [en](https://longbridge.com/en/news/265198855.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/265198855.md)
---

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# CHINA WACAN issued new shares at a premium to the chairman, with a net fundraising amount of 43.9 million

CHINA WACAN (01920.HK) announced that it will issue 112 million new shares to its controlling shareholder and chairman Zhou Zhenlin, equivalent to an increase of 23.08% in the enlarged share capital, and must seek special authorization from shareholders; the price per share is HKD 0.3965, a premium of 4.34% compared to the last trading day (10th). The total subscription amount is HKD 44.53 million, with a net amount of HKD 43.90 million intended for working capital needs

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