Group 1 - The core viewpoint of the article is that 恒昌集团国际 (Hengchang Group International) is undergoing a stock transfer and a share placement to raise funds for general operational purposes [1] Group 2 - On January 9, 恒昌集团国际's shareholders transferred stocks worth HKD 5.4846 million from China Galaxy Securities Hong Kong to 日发证券 (Rifa Securities), representing 7.39% of the total shares [1] - The company announced 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, which is a discount of approximately 19.05% compared to the closing price of HKD 0.42 on the agreement date [1] - If all placement shares are subscribed, the total proceeds from the placement are expected to be approximately HKD 11.34 million, with a net amount of about HKD 10.54 million, resulting in a net issue price of approximately HKD 0.32 per share [1] - The net proceeds from the placement are intended to be used entirely for the company's general working capital [1]