CIFI HOLD GP(00884) and its subsidiaries Spectron and LMR have entered into a three-year term option trading agreement, as well as sales and swap transactions.
Guangda Holdings Group (00884) announced that, in accordance with the terms of the commitment letter and in order to complete and implement the proposed transaction (as defined in the September announcement), on December 12, 2025, the Company's wholly-owned subsidiary Spectron and LMR entered into a three-year forward subscription option agreement and a sale and swap agreement. The forward subscription option agreement and the sale and swap agreement together constitute the proposed transaction (as defined in the September announcement) and achieve the agreed commercial objectives as stated in the September announcement.
CIFI HOLD GP (00884) announced that, in accordance with the terms of the commitment letter and to complete and implement the proposed transaction (as defined in the September announcement), on December 12, 2025, the Company's wholly-owned subsidiary Spectron entered into a three-year pre-subscription option transaction and sale and swap transaction with LMR. The pre-subscription option transaction and sale and swap transaction together constitute the proposed transaction (as defined in the September announcement) and achieve the agreed commercial objectives as stated in the September announcement.
LMR, as a fund seeking capital appreciation and optimistic about the long-term prospects of the Company, has agreed to extend the term of the proposed transaction (as defined in the September announcement) under the pre-subscription option transaction from the originally planned 364 days to three years.
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