Huineng Technology issues 39M shares at $0.001, raising only $39K; shares outstanding increase 8x

Huineng Technology Corp

Outstanding shares increased from 5.545M to 44.545M post-private placement.
Single investor Kae Ren Tee subscribed 39M shares at $0.001 per share for $39,000 total.
Net proceeds of $39,000 will be used for working capital.
Issuance was exempt under Section 4(a)(2) and Regulation S as offshore transaction to non-U.S. person.
Dilution of existing shareholders is 88% (pre-placement ownership reduced to 12.4%).

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