Planetree International issues new shares to exchange for 14.8% equity in HAO TIAN INTL

AASTOCKS
2025.09.17 14:57

Planetree International (00613.HK) announced that its wholly-owned subsidiary PCL will issue 850 new shares to HAO TIAN INTL (01341.HK) at a price of HKD 400 million. HAO TIAN INTL will pay for the shares by issuing 1.6 billion consideration shares at an issue price of HKD 0.25, which represents a discount of 7.41% compared to today's (17th) closing price.

Upon completion, the company will hold 14.8% of HAO TIAN INTL's equity, becoming its major shareholder; the company's stake in PCL will be diluted from 100% to 70.2%, the latter being a licensed company under the Securities and Futures Commission

Source: AASTOCKS The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
© 2025 Longbridge｜Disclaimer