DL Holdings GP (01709) announced that on July 17, 2024, the target company, Delin Investment Co., Ltd. (as the issuer), and subscriber 1 (Instant Glad Investments Limited) (a wholly-owned subsidiary of the company), subscriber 2 (Itsushima Co., Ltd.), and subscriber 3 (Hijiri Partners Co., Ltd.) (as subscribers) entered into a subscription agreement. The subscribers have conditionally agreed to subscribe, and the target company has conditionally agreed to issue and allot subscribed shares (accounting for 87.5% of the issued share capital of the target company after the issuance and allotment of subscribed shares), with a total subscription price of 0.14 billion yen (equivalent to approximately 7 million Hong Kong dollars).
The target company is mainly engaged in (including) property investment, and the main assets and activities of the target company are investment in real estate and its leasing.