ZHONGSHENJIANYE (02503) has completed the issuance of 403 million new shares.
Zhongshen Jianye (02503) announced that the company is pleased to announce that all the conditions precedent of the agreement have been fulfilled, and the completion has been implemented on January 15, 2026 in accordance with the terms of the agreement. Therefore, all the equity of the target company is held by the company, and the target company has become a direct wholly-owned subsidiary of the company.
ZHONGSHENJIANYE (02503) announces that all conditions precedent of the agreement have been met and the completion was implemented on January 15, 2026 in accordance with the terms of the agreement. As a result, the target company's entire equity is held by the company, and the target company has become a direct wholly-owned subsidiary of the company.
Under the agreement, the company has issued and allocated 270.5 million new shares for consideration A to Seller A, 116 million new shares for consideration B to Seller B, and 16.5393 million new shares for consideration C to Seller C, at an issue price of HK$0.53 per share.
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