Chi Kan Hldgs (09913) announced that one of the company's shareholders, Xinhua Limited, has recently entered into a conditional sale and purchase agreement with China Create Bo Li (Hong Kong) Limited...
According to the financial news app Zhitong, Chi Kan Hldgs (09913) announced that one of the company's shareholders, Xinhua Limited, recently entered into a conditional sale and purchase agreement with China Create Bo Li (Hong Kong) Limited (the buyer), aiming to sell 70 million shares of the company, equivalent to 7% of the company's issued share capital. Executive Director and Chairman of the Board, Mr. Lu Han Guang, owns Xinhua in full, and as of the date of this announcement, Xinhua beneficially owns approximately 0.447 billion shares, equivalent to approximately 44.67% of the company's issued share capital. As of the date of this announcement, China Create Bo Li is a major shareholder of the company and beneficially owns the rights to 0.1 billion shares, equivalent to approximately 10% of the company's issued share capital.
Upon completion of the sale, assuming the company's issued share capital remains unchanged, the buyer will own the rights to 0.17 billion shares, equivalent to 17.00% of the company's issued share capital, and will continue to be a major shareholder of the company; Xinhua will own the rights to approximately 0.377 billion shares, equivalent to approximately 37.67% of the company's issued share capital, and will remain the controlling shareholder of the company.
