--- title: "ZHUGUANG HOLD's subsidiary plans to sell approximately 29.50% of the issued shares of SILVER GRANT" type: "News" locale: "en" url: "https://longbridge.com/en/news/267859911.md" description: "ZHUGUANG HOLD announced that its subsidiary, Xida Limited, intends to sell approximately 29.50% of the issued shares of SILVER GRANT for HKD 81.5868 million, with the buyer being Rongde Investment Limited. The transaction will be settled by offsetting loans, and upon completion, ZHUGUANG HOLD will no longer hold any equity in SILVER GRANT" datetime: "2025-11-28T13:55:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/267859911.md) - [en](https://longbridge.com/en/news/267859911.md) - [zh-HK](https://longbridge.com/zh-HK/news/267859911.md) --- # ZHUGUANG HOLD's subsidiary plans to sell approximately 29.50% of the issued shares of SILVER GRANT According to the announcement from ZHUGUANG HOLD (01176), the board of directors is pleased to announce that on November 28, 2025 (after trading hours), the seller Xida Limited (a wholly-owned subsidiary of the company) and the buyer Rongde Investment Limited entered into a sale and purchase agreement, under which the seller conditionally agrees to sell and the buyer conditionally agrees to purchase the sale shares (approximately 29.50% of the issued shares of the target company) for a consideration of HKD 81.5868 million. The consideration will be settled by offsetting, and the entire amount will be used to offset the loan upon completion. Upon completion, the group will no longer hold any equity interest in the target company. The target company SILVER GRANT International Holdings Group Limited is a company registered in Hong Kong, whose shares are listed on the main board of the Stock Exchange (stock code: 171), and is an investment holding company. The target group is primarily engaged in property leasing, investment, and new energy investment and operation. Given that the group holds a substantial stake of approximately 29.50% in the target shares, coupled with the relatively low trading volume of the target company in the market, it is impractical to orderly sell all of the group's investment in the target shares in the open market. Selling the group's investment in the target shares in installments in the open market would not only prolong the selling period and delay the receipt of proceeds but could also significantly depress the share price, adversely affecting the final return that the group would realize. In contrast, the sale ensures that the group can exit its illiquid investment in the target shares at an agreed price of HKD 0.12 per share, allowing the group to lock in its investment returns and eliminate the risk of value erosion that may arise from a low-priced sale in the open market. Furthermore, by offsetting the loan to settle the consideration, the group can immediately and definitively realize all its investments without facing settlement or counterparty risks. Since the sale will be conducted by offsetting, the loan will be eliminated from the group's balance sheet upon completion, which will improve the group's key financial ratios (such as the debt-to-asset ratio and debt-to-equity ratio) without depleting the group's cash reserves. The removal of the loan also stabilizes the group's cash flow plan, simplifies its capital structure, and improves financial health. The strengthened balance sheet will enhance the group's ability to access capital markets, providing more flexibility to fund future core business plans when needed ### Related Stocks - [00171.HK](https://longbridge.com/en/quote/00171.HK.md) - [01176.HK](https://longbridge.com/en/quote/01176.HK.md) ## Related News & Research - [American Express caters to affluent spenders. Can that cushion it if the consumer cracks?](https://longbridge.com/en/news/290762315.md) - [Direxion Daily LMT Bull 2X ETF declares quarterly distribution of $0.2282](https://longbridge.com/en/news/290596968.md) - [REG - UIL Limited UIL Finance Ltd - Sale of 2028 ZDP Shares](https://longbridge.com/en/news/290857526.md) - [Global Dividend Growth Split declares $ 0.10 per share distribution](https://longbridge.com/en/news/290592746.md) - [Is this solar e-bike a good idea or sophisticated e-waste?](https://longbridge.com/en/news/290817562.md)