Over-subscription of Placing Shares


RENHENG Enterprise Holdings Limited (“RENHENG” or the “Group”) today announced its share placing allotment results.


Trading of the Company's shares on the GEM Board of the Stock Exchange of Hong Kong Limited will begin on 18 November 2011 (Friday). RENHENG has offered 50,000,000 placing shares, based on the placing price of HK$1.20 per share, gross proceeds from the placing are expected to be approximately HK$60 million. The Shares will be traded in board lots of 2,000 Shares under the stock code 8012. Shenyin Wanguo Capital (H.K.) Limited is the Sponsor and Lead Manager of the Placing.


Mr Wei Sheng Peng, Founder, Chairman and Executive Director of the Company, said. “We are heartened by the support from investors for the share placement, with the placing shares over-subscribed by approximately 67.4%. The listing not only provides us with sufficient capital to further enhance product development and innovation, but also helps strengthen the confidence of potential customers of the Group, thus driving us to a leading position in the tobacco machinery industry in the PRC and accelerating the continuous growth of our business.”