Core Viewpoint - The company, Rongzun International Holdings, announced a placement agreement involving the sale of up to 372 million shares, representing 60% of its existing issued share capital, by major shareholders Kyosei Technology Inc. and its executives [1][2]. Group 1: Placement Agreement Details - The placement agreement was signed on October 21, 2025, with the placement agent, Jiekou Securities Limited, agreeing to use its best efforts to facilitate the purchase of shares at a minimum price of HKD 0.446 per share [1]. - The placement period will commence from the date of the agreement and will end on the earlier of October 28, 2025, at 5 PM or when the placement agent receives purchase orders for at least 372 million shares [1]. Group 2: Shareholding Changes - Following the successful placement of all shares, Kyosei Technology Inc.'s shareholding in Rongzun International Holdings will decrease to 93 million shares, equating to 15% of the total issued share capital, thus no longer being a controlling shareholder [2]. - The placement will ensure that no single third party will hold 30% or more of the company's issued share capital post-placement, avoiding triggering mandatory general offer requirements under the Takeovers Code [2]. Group 3: Operational Impact - The company anticipates that the placement will not adversely affect its operations or those of its subsidiaries [3].
荣尊国际控股(01780)：控股股东拟配售最多60%公司股份 持股将下降至15%