Group 1 - The core viewpoint of the article highlights that Hengchang Group International (01421) is undergoing a stock transfer and a share placement to raise funds for general operational purposes [1] Group 2 - On January 8, shareholders transferred stocks worth HKD 5.9576 million to China Galaxy Securities Hong Kong, representing 8.12% of the total [1] - The company entered into a placement agreement on January 6, 2026, with a placement agent to facilitate the subscription of up to 33.365 million shares at a price of HKD 0.34 per share [1] - The placement price of HKD 0.34 represents a discount of approximately 19.05% compared to the closing price of HKD 0.42 on the date of the agreement [1] - If fully subscribed, the total proceeds from the placement are expected to be around HKD 11.34 million, with a net amount of approximately HKD 10.54 million, resulting in a net issue price of about HKD 0.32 per share [1] - The net proceeds from the placement will be used entirely for the company's general working capital [1]