The controlling shareholder of China Agri-Industries Holdings Limited (02863.HK) plans to distribute a minimum of 230 million shares and up to a maximum of 455 million shares.

The Wall Street Journal app reported that Gaofeng Group Holdings (02863.HK) announced that the board of directors had been notified by executive director and chairman Gao Junxi, as well as Da De Investment and Trading Co., Ltd. (hereinafter referred to as the "seller"), which is wholly owned by Gao Junxi, that the seller had entered into a placement agreement with the placement agent on June 29, 2026 (after trading hours).