Core Viewpoint - Tiancheng Holdings (stock code: 2110) announced a financing plan through the placement of new shares, aiming to raise approximately HKD 6 million, with net proceeds expected to be around HKD 5.71 million after expenses [1] Group 1: Financing Details - The company plans to issue 60,000,000 shares at a placement price of HKD 0.10, representing a discount of approximately 13.79% compared to the previous trading day's closing price of HKD 0.116 [1] - The placement price also reflects a discount of about 15.25% compared to the average closing price over the last five trading days [1] - The newly issued shares will account for approximately 20% of the existing issued share capital and about 16.67% of the enlarged share capital post-financing [1] Group 2: Use of Proceeds - The net proceeds of approximately HKD 5.71 million will be used entirely for general working capital [1] Group 3: Company Background - Tiancheng Holdings is primarily engaged in maritime construction engineering, other civil engineering, ship leasing services, and wellness services [1]