DCSX has approved the listing of 96,000,000 shares of HAI HENG HOLDINGS LIMITED (HHCN). Biztrack Consultants Private Limited is the mandated listing advisor.
The Company was incorporated in BVI on 14 November 2018 with a BVI company registration number 1998174. The corporate objectives of the Company are to create shareholder value by increasing the scale of operations of the
Group’s current business; and to develop upstream and downstream products that are either complements the Group’s existing business, or which will add value to the Shareholders’ stakes in the Company.
The Listing, which will give the Company a higher profile and to allow the Company to raise funds in the future when the need arises, is part of this growth strategy.
In connection with and for the purpose of the Listing, Existing Shareholders carried out a restructuring of their interests in the Operating Company, a company which has an operating track record since 2011 (i.e., the Restructuring). The purpose of the Restructuring was so that Existing Shareholders hold their interests in the Operating Company indirectly through their shareholdings in the Company in the proportion of their interests in the equity capital of the Operating Company prior to the Restructuring. The corporate structure of the Group and more information about the business can be found in the Information Memorandum.