Core Viewpoint - Zhengwei Group Holdings announced a financing plan through the placement of new shares, raising approximately HKD 8.96 million, with net proceeds of about HKD 8.71 million after expenses [1] Group 1: Financing Details - The company will issue 11,200,000 new shares at a price of HKD 0.80, representing a discount of approximately 7.0% compared to the previous trading day's closing price of HKD 0.86 [1] - The placement price reflects an 11.1% discount compared to the average closing price over the last five trading days [1] - The newly issued shares will account for about 20.00% of the existing issued share capital and approximately 16.67% of the enlarged share capital post-financing [1] Group 2: Use of Proceeds - Approximately HKD 8.71 million from the financing will be allocated for general working capital of the group [1] Group 3: Company Background - Zhengwei Group Holdings primarily engages in the manufacturing and trading of dry food products and snacks in Jiangxi, Sichuan, and Hubei provinces of China, with a focus on investment holding [1]