Country Garden Holdings Company Limited announced the allotment of 36.00 million additional shares under its existing general mandate to settle outstanding work fees owed to the steering committee of syndicated lenders (CoCom).

The new tranche, priced at HK$0.30 per share, represents a 3.23% discount to the 8 March 2026 closing price of HK$0.310 and a 1.64% discount to the five-day average of HK$0.305. The shares carry an aggregate nominal value of HK$3.60 million and account for approximately 0.09% of the enlarged share capital of 42.27 billion shares.

GLAS HK, already mandated to dispose of earlier CoCom work-fee shares, will receive and sell the additional shares. After the transaction, GLAS HK’s holding will rise from 105.79 million shares (0.25%) to 141.79 million shares (0.34%); it will not become a substantial shareholder. All disposal proceeds, net of costs, will be directed to CoCom. Country Garden will receive no cash inflow from the issuance.

The decision follows the sale of 50.00 million of the previously issued 135.59 million CoCom work-fee shares, which generated HK$17.52 million (US$2.24 million) for fee settlement. Management expects proceeds from the remaining 85.59 million shares to be insufficient, prompting the additional 36.00 million-share issuance.

Post-completion, controlling shareholders will hold 41.14% of issued equity, while other existing shareholders will own 58.25%. The issuance utilises the company’s June 2025 general mandate; 5.46 billion shares remain available, so no further shareholder approval is required.

Completion is subject to listing approval from the Hong Kong Stock Exchange and is expected within five business days of approval. The company states that settling fees via equity avoids significant cash outflows and supports working-capital flexibility.

Country Garden cautions investors that completion of the share issue is conditional and advises prudence when trading its securities.