Future World Holdings (572) Announces Major and Connected Transaction Involving Loan Receivables Assignment and Listed Securities Transfer

Bulletin Express
01/16

Future World Holdings Limited (Stock Code: 572) has disclosed a major and connected transaction pursuant to an agreement signed on 16 January 2026. Under this arrangement, the company will transfer and assign listed securities and loan receivables with an aggregate consideration of HK$119,178,477 to an executive director and substantial shareholder.

The listed securities, held via a wholly owned subsidiary, comprise shares in CMBC Capital (1141), HG Semiconductor (6908), Shanghai Conant Optical (2276), LX Technology (2436), and Fenbi (2469). Their total market value stood at approximately HK$77,428,500 on the announcement date. The outstanding loan receivables, amounting to around HK$41,749,977, are owed by three independent borrowers and have been overdue.

The consideration will be settled by setting off indebtedness owed by the group to the purchaser and his wholly owned entity, resulting in a net payable of HK$16,236,255 to be paid to the company within one year following completion. The deal requires approval from independent shareholders at an extraordinary general meeting. Upon completion, Future World Holdings will no longer hold the listed securities or the loan receivables concerned.

The transaction is categorized as a major transaction under Chapter 14 and a connected transaction under Chapter 14A of the Listing Rules. Pending shareholder approval, the disposition is expected to generate a gain of approximately HK$13,776,000 from the listed securities and a reversal of expected credit loss of around HK$5,663,543 for the assigned loan receivables. Future World Holdings plans to use the net proceeds of roughly HK$16 million for general working capital or to repay indebtedness.

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