XH NEWS MEDIA (00309) plans to issue 153 million shares of subscribed shares to Yu Huilin at a premium of 3.13%
Xinhua Media (00309) announced that on May 6, 2026 (after trading hours on the Hong Kong Stock Exchange), the Company entered into a subscription agreement with subscriber Yu Huilin. Accordingly, the Company conditionally agreed to issue and issue shares, while the subscriber conditionally agreed to subscribe for approximately 153 million shares at a subscription price of approximately HK$0.033 per share. Under the subscription agreement, the subscriber shall pay the subscription amount of about HK$5 million, which will be paid through offsetting the principal and interest of the Company's debt to the subscriber under the debt confirmation agreement totaling approximately HK$5.049 million.
XH NEWS MEDIA (00309) announced on May 6, 2026 (after trading hours on the Stock Exchange) that the company has entered into a subscription agreement with subscriber Yu Huilin. According to this agreement, the company conditionally agrees to allot and issue, and the subscriber conditionally agrees to subscribe for approximately 153 million shares at a subscription price of approximately HK$0.033 per share. Under the subscription agreement, the subscriber shall pay approximately HK$5 million for the subscription, which will be settled by offsetting the company's debt to the subscriber of approximately HK$ 5.049 million under a debt confirmation agreement.
Assuming no changes in the number of shares issued as of the announcement date and completion date, the subscription of 153 million shares represents approximately 7.92% of the company's issued share capital as of the announcement date, and approximately 7.34% after the issuance of the subscription shares. The subscription price of approximately HK$0.033 per share represents a premium of 3.13% over the closing market price of HK$0.032 per share on the Stock Exchange on May 6, 2026.
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