Summary by Moomoo AI
CHINA TIEN CHEMICAL GROUP CO., LTD. (“CHINA TIAN CHEMICAL”) COMPLETED THE SUBSCRIPTION OF NEW SHARES UNDER GENERAL MANDATES ON APRIL 19, 2024. The Company announced that all prerequisites have been met and has successfully issued 108,000,000 new shares to the Subscribers, representing approximately 10.27% of the issued share capital upon expansion. The subscription price is HK$0.1 per share and the Company's net proceeds of approximately HK$10,300,000 will be used for general working capital. Upon completion, the Subscribers will become the Company's principal shareholders and affiliates. Following the change in shareholding structure, Mr. Zhang Hung and Mr. Qin Chun Huan's shareholding ratio adjusted to 21.28% and 10.16%, respectively, while the public shareholders' ratio decreased to 58.29%, and China Mining United Holdings Group Limited became a new shareholder with a stake of 10.27%.