OSHIDORI Holdings entered into a share swap agreement with Wutong
OSHIDORI Holdings has signed a share swap agreement with Wutong, planning to subscribe for approximately 189 million shares of Wutong at a subscription price of HKD 1.986, totaling HKD 375.6 million; Wutong will subscribe for approximately 760 million shares of OSHIDORI at a subscription price of HKD 0.494, totaling HKD 375.6 million. The agreement will promote strategic cooperation between the two companies and is expected to improve the group's revenue and profitability. Upon completion, OSHIDORI will hold approximately 17.56% equity in Wutong, becoming the second-largest shareholder
According to the Zhitong Finance APP, OSHIDORI (00622) announced that on November 3, 2025 (after trading hours), the company entered into a share swap agreement with Wutong (00613). Under this agreement, upon the fulfillment of certain conditions, the company will subscribe for approximately 189 million Wutong subscription shares at a subscription price of HKD 1.986 per share, for a total consideration of HKD 375.6 million; Wutong will subscribe for approximately 760 million OSHIDORI subscription shares at a subscription price of HKD 0.494 per share, for a total consideration of HKD 375.6 million.
The Wutong subscription and the OSHIDORI subscription will be completed simultaneously. As of the date of this announcement, the group holds a 1.33% interest in Wutong, while the Wutong group holds a 5.16% interest in the company. Upon completion, the group will own approximately 17.56% of Wutong's enlarged issued share capital, while the Wutong group will hold approximately 15.54% of the company's enlarged issued share capital.
The signing of the share swap agreement will allow the company and Wutong to establish a strategic alliance by mutually holding each other's shares, facilitating strategic cooperation between the two companies. The company expects that this strategic cooperation will improve the group's revenue and profitability. The Wutong subscription is part of the group's tactical and strategic investment business and falls within the scope of the group's ordinary and general business. This is the first time the company has exercised its general authorization to issue new shares since 2020, and the company has not conducted any fundraising activities since 2018. Upon completion, the group will hold approximately 17.56% of Wutong's equity and become Wutong's second-largest shareholder. At the same time, the Wutong group will hold approximately 15.54% of the company's equity. Since the Wutong subscription will be settled by issuing OSHIDORI subscription shares without the need for cash consideration, the group's internal financial resources will not be affected. It is expected that the total asset value and net asset value of the group will increase upon completion. Therefore, the board believes that the share swap agreement will not have a significant impact on the company's daily operations and policy formulation, and will also help establish strategic partnerships, which are expected to positively contribute to the group's future profit potential
