XINHUA LANDE (08106) plans to issue a total of 55.17 million H shares.
Sinopharm Land (08106) announced that on February 11, 2026, the company has entered into six separate subscription agreements with six subscribers, and conditionally agreed to issue and issue a total of 55.17 million H shares at a subscription price of HK$0.31 per H share. The subscription of H shares will be made in accordance with the general mandate for issue and allotment.
Xinhua Lande (08106) announced that on February 11, 2026, the company has entered into six separate subscription agreements with six subscribers, and has conditionally agreed to issue and issue a total of 55.17 million H shares at a subscription price of HK$0.31 per share. The subscription of H shares will be issued and issued in accordance with general authorization.
The six subscribers will collectively subscribe for 55.17 million H shares, with a total value of RMB 5.517 million, representing approximately 21.05% and 17.39% of the total number of H shares issued by the Company as of the date of this announcement and after the completion of each subscription item; and approximately 10.89% and 9.82% of the total number of shares issued by the Company as of the date of this announcement and after the completion of each subscription item.
The net proceeds from the subscription (after deducting all applicable costs and expenses) will be approximately HK$16.71 million.
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