FilingReader Intelligence

Hao Tian International completes share subscription, expands financial capabilities

October 22, 2025 at 10:01 AM UTCBy FilingReader AI

Hao Tian International Construction Investment Group Limited has completed its previously announced subscription of shares in PCL, with all conditions fulfilled by October 17, 2025, and completion occurring on October 22, 2025. PCL allotted and issued shares to the Company, representing approximately 29.82% of PCL's enlarged share capital. Concurrently, the Company allotted and issued 1,600,000,000 Consideration Shares to PCL at an Issue Price of HK$0.25, representing approximately 14.75% of the Company's enlarged total shares.

The Issue Price was determined based on arm’s length negotiations, referencing PCL's net asset value and market value as of July 31, 2025, which was assessed at approximately HK$957.5m by an independent valuer. The valuer applied a price-to-book multiple of 0.78x, a marketability discount of 9.25% for the finance industry, and a control premium of 39.00%. The Company also considered average closing prices of its shares over various periods prior to the subscription agreement date, ranging from HK$0.260 to HK$0.284.

This strategic move enables the Company to offer broader client solutions through PCL's corporate finance advisory licenses, facilitates collaboration on capital market activities, reduces procurement costs through joint access to service providers, and enhances client relationships through cross-referrals. Post-completion, the Company is entitled to nominate at least three directors to PCL’s board, representing 50% of the board.

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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