Tradeable Listing Approval for Heng Hua Holding Limited

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Tradeable Listing Approval for Heng Hua Holding Limited

DCSX has approved the listing of 15,000,000 trade-able shares of Heng Hua Holding Limited (DCSX Symbol: HHSV) @ USD 0.50 with an initial market capitalization of USD 7.5MillionSSC Corporate Services Limited is the mandated Listing Advisor.

Heng Hua Holding Limited is the holding company of the Group registered in the British Virgin Islands (Company Number 2023407). The main operating entity, Henghua China, is located in Zhejiang Province in China and is a safety valve manufacture company which produces and supplies safety valves for various industries such as power station, boilers, petroleum, chemical engineering, urban construction, medicine, chemical fertilizers, metallurgy, and mining.

In connection with and for the purpose of the Listing, existing shareholders restructured their interests in the operating companies so that existing shareholders hold their interests in the operating companies indirectly through their shareholdings in the Group in the proportion of their interests in the equity capital of the operating company prior to the restructuring.

The company listed on the DCSX for the following reasons:

  • To improve the liquidity of the Company’s assets and shares, allowing it to expand its business and achieve long-term growth;
  • To explore opportunities to enter the international market;
  • To gain ongoing access to the capital market by listing on the DCSX;
  • To provide ongoing transparency to the Company’s shareholders, customers, and other key stakeholders;
  • To elevate the Company’s brand image; and
  • To enhance the Company’s corporate governance by matching the standard of corporate governance in international capital market.

Further details about the business will be found on our Markets page on this website under Equities Symbol HHSV, section Company Information.

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