Huasheng International seeks HK$ 19.19 million via placing up to 151,120,000 shares at HK$ 0.127 each

• Huasheng International entered a placing agreement on June 11, 2026 to sell up to 151,120,000 new shares at HK$ 0.127.
• Gross proceeds could reach HK$ 19.19 million; net proceeds estimated at HK$ 18.49 million, implying a net price of about HK$ 0.122.
• Shares equal about 20% of existing issued capital; placement to at least six investors on a best-efforts basis via KGI Asia.
• Proceeds earmarked for a capital contribution to a planned joint venture concrete mixing plant project in Sanya, Hainan.
• Completion hinges on Hong Kong listing approval for the placing shares, with a long-stop date of June 25, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Huasheng International Holding Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260611-12199826), on June 11, 2026, and is solely responsible for the information contained therein.