ZhiShen to raise $17M for Tymphany HK acquisition
Approved $17M increase, issuing 17M shares to acquire Tymphany HK through subsidiary
📋 Article Processing Timeline
- 📰 Published: June 4, 2026 at 09:00
- 🔍 Collected: June 5, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: June 7, 2026 at 05:56 (45h 56m after Collected)
The board will raise USD 17M by issuing 17M new $1 shares, using the funds to purchase full equity of Tymphany HK Ltd via its subsidiary.
FAQ
What amount of capital is being raised?
USD 17,000,000 for 17,000,000 shares.
What is the issue price per share?
USD 1 per share.
What is the purpose of the fundraising?
To acquire Tymphany HK through subsidiary.
Is there a public sale of shares?
No, public sale shares not applicable.
What rights do the new shares have?
Same rights and duties as existing ordinary shares