Financing ·
Wing Yip raises KRW 36.8B via private placement of 23M shares to three subscribers
WYHGWing Yip Food Holdings Group Ltd
Wing Yip Food Holdings Group Limited completed a private placement of 23,000,000 new ordinary shares to subscribers Wang Tingfeng, Wong Sio Chan, and Zhao Jin Hua at KRW 1,600 per share. The transaction raised an aggregate subscription price of KRW 36,800,000,000 (approximately HKD 194,700,000). Shares were issued on August 7, 2026, and listed on the Korea Exchange on September 7, 2026. Post-issuance, total outstanding shares stand at 35,582,732. Proceeds are designated for working capital, procurement, marketing, and R&D. New shares carry a one-year lock-up period ending September 6, 2027. The company operates in the food manufacturing and distribution industry.