---
title: "Imagi Reshapes Cross-Shareholdings Through Major Connected Subscription Deal"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285111823.md"
description: "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."
datetime: "2026-05-04T14:38:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285111823.md)
  - [en](https://longbridge.com/en/news/285111823.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285111823.md)
---

# Imagi Reshapes Cross-Shareholdings Through Major Connected Subscription Deal

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Imagi International Holdings ( (HK:0585) ) has provided an announcement.

Imagi International Holdings’ subsidiary IFGL has agreed to issue new shares to a substantial shareholder (the Subscriber) in exchange for HK$167.32 million worth of shares in the Subscriber, resulting in a dilution of the parent’s stake in IFGL from 79.21% to about 68.39% while IFGL remains a consolidated subsidiary. Following completion, the Subscriber’s stake in IFGL will rise to 30.7%, while Imagi’s interest in the Subscriber will increase from 16.67% to around 28%, with the deal classified as a major and connected transaction under Hong Kong listing rules but exempt from independent shareholders’ approval due to board confirmation of fair terms and normal commercial conditions.

The transaction reshapes the cross-shareholding structure between Imagi, IFGL and the Subscriber, tightening strategic and financial links among the parties. For shareholders, the structure maintains control over IFGL while deepening Imagi’s influence in the Subscriber, potentially enhancing alignment of interests without triggering more onerous regulatory approvals under the Listing Rules.

**More about Imagi International Holdings**

Imagi International Holdings operates through its non-wholly-owned subsidiary IFGL, focusing on investment and related activities in Hong Kong. The group also holds a significant equity stake in the Subscriber company, positioning itself as a substantial shareholder with growing strategic exposure to that entity.

**Average Trading Volume:** 3,751,438

**Current Market Cap:** HK$2.22B

For a thorough assessment of 0585 stock, go to TipRanks’ Stock Analysis page.

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