According to Zhitong Finance App, Chenghui International (01094) issued an announcement. On August 18, 2026, the placement was completed, and in accordance with the listing and trading approval of 119 million shares granted by the Listing Committee, a total of 119 million placed shares have been placed to seven undertakers at the placement price of HK$0.209 per share.

The net proceeds from the placement (after deducting placement commissions, professional fees and all related expenses) amounted to approximately HK$24 million. The Company intends to use HK$10 million to pay the Group's employees' salaries, including salaries, statutory pension contributions and compensation; HK$5 million to partially repay a Bank of China loan, which accrues interest at an interest rate of 4.5% and will expire within 6 months; HK$5 million for professional expenses, including upcoming audit costs, legal advisory fees, financial advisory services and standard listing maintenance costs; and HK$4 million for the Group's general working capital, including utilities, insurance and other administrative expenses.

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