Wing Yip Food Holdings Group Ltd (WYHG) Form 6-K — Aug 6, 2026
Shareholders of Wing Yip Food Holdings Group approved two resolutions at its 12th Extraordinary General Meeting held in Seoul on August 6, 2026: blanket authority for the board to issue new shares, bonds and other securities, and a private placement of 23,000,000 new ordinary shares. The placement is priced at KRW 1,600 per share for gross proceeds of KRW 36,800,000,000 (HKD 194,698,693.20), sold to three individual subscribers: Wang Tingfeng (13.0M shares), Wong Sio Chan (5.0M shares) and Zhao Jin Hua (5.0M shares). Payment is due August 6, 2026, with issuance expected September 7, 2026 subject to Hong Kong registration and regulatory filings, and the shares carry a one-year lock-up.
Key figures
- Gross Proceeds
- KRW 36,800,000,000 (HKD 194,698,693.20)
- Offering Price
- KRW 1,600 per share
- Shares Offered
- 23000000
- Shares Outstanding
- 12582732
- Lock up period
- 1 year
- Payment due date
- 2026-08-06
- Shares voted at egm
- 5740816
- Use of proceeds 2026
- KRW 14,720 million
- Use of proceeds 2027
- KRW 14,720 million
- Expected issuance date
- 2026-09-07 (subject to Hong Kong registration and regulatory filings)
- Subscriber zhao jin hua
- 5,000,000 shares / KRW 8,000,000,000 (HKD 42,325,802.87)
- Use of proceeds r and d
- KRW 7,360 million
- Subscriber wang tingfeng
- 13,000,000 shares / KRW 20,800,000,000 (HKD 110,047,087.46)
- Subscriber wong sio chan
- 5,000,000 shares / KRW 8,000,000,000 (HKD 42,325,802.87)
- Treasury shares excluded
- 1566
- Use of proceeds marketing
- KRW 14,720 million
- Voting shares outstanding
- 12581166
- Use of proceeds after 2027
- KRW 7,360 million
- Use of proceeds procurement
- KRW 14,720 million
- Derived share count increase
- ~183% (23,000,000 new vs 12,582,732 existing)
- Percent of voting shares voted
- 45.63%
- Derived new investor post money ownership
- ~64.6%
AI analysis
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