Imagi Reshapes Cross-Shareholdings Through Major Connected Subscription Deal
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Imagi International Holdings announced a major connected subscription deal involving its subsidiary IFGL. The deal entails issuing new shares to a substantial shareholder for HK$167.32 million, diluting Imagi's stake in IFGL from 79.21% to approximately 68.39%. The Subscriber's stake in IFGL will increase to 30.7%, while Imagi's interest in the Subscriber rises from 16.67% to around 28%. This transaction reshapes the cross-shareholding structure, enhancing strategic links without requiring independent shareholder approval due to fair terms confirmation by the board.
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