Wenye Group (01802) issued an announcement. On April 28, 2024, the company and a related person of the company (...
Zhitong Finance App News, Wenye Group (01802) announced that on April 28, 2024, the company signed a non-legally binding memorandum of understanding with one of the company's related persons (as defined in the listing rules) and two independent third parties (collectively referred to as subscribers). According to the memorandum of understanding, the company intends to allocate and issue, and the subscribing party intends to subscribe for new shares at a total cost of not less than RMB 20 million.
According to the announcement, the company plans to use the proceeds from possible share subscriptions to repay the Group's debts and interest expenses, as well as the Group's general working capital.