FilingReader Intelligence

Hao Tian International invests in financial services company PCL

September 17, 2025 at 05:01 PM UTCBy FilingReader AI

On September 17, 2025, Hao Tian International entered into a Subscription Agreement to acquire 850 PCL shares for a subscription price of HK$400,000,000. This represents approximately 42.5% of PCL's existing shares and 29.8% of PCL's enlarged share capital. The consideration will be settled by issuing 1.6 bn new consideration shares at HK$0.25 each under a general mandate.

The issue price of HK$0.25 per consideration share represents a discount of 7.41% to the closing price of HK$0.270 on the Subscription Agreement date and an 11.97% discount to the average closing price over the last five trading days. PCL, an indirect wholly-owned subsidiary of Planetree International Development Limited, is a holding company for SFC-licensed corporations in various regulated financial activities.

This subscription is considered a discloseable transaction under Chapter 14 of the Listing Rules, exceeding 5% but less than 25% of applicable percentage ratios, thus requiring reporting and announcement but exempting it from shareholders' approval. The transaction aligns with Hao Tian International's strategy to expand its financial services market share in Hong Kong and Mainland China.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

HKEX:1341Hong Kong Exchange

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