Financing ·
Wing Yip Food Holdings Group Limited amended proposals for its 12th Extraordinary General Meeting, now scheduled for…
WYHGWing Yip Food Holdings Group Ltd
Wing Yip Food Holdings Group Limited amended proposals for its 12th Extraordinary General Meeting, now scheduled for August 6, 2026. The company plans a private placement of 23,000,000 new ordinary shares at KRW 1,600 per share, totaling KRW 36,800,000,000 (HKD 194,698,693.20). Subscribers include Wang Tingfeng (13,000,000 shares), Wong Sio Chan (5,000,000 shares), and Zhao Jin Hua (5,000,000 shares). Payment is due August 6, 2026, with expected issuance on September 7, 2026, subject to shareholder approval and regulatory filings. Proceeds are earmarked for working capital, procurement, marketing, and research and development. The shares are subject to a one-year lock-up period. The company operates in the food industry.