Hao Tian Management Faces Forced Sale of Shares, Reducing Stake in HTICI to 10.27%

Reuters
07-14
Hao Tian Management Faces Forced Sale of Shares, Reducing Stake in HTICI to 10.27%

Hao Tian Management (Hong Kong) Limited, an indirect wholly-owned subsidiary of Aceso Life Science Group Limited, recently experienced a forced sale of its shares in Hao Tian International Construction Investment Group Limited. The forced sale, executed by an independent third-party lender, was triggered after a default event related to a loan facility of HK$150 million. In total, 1,385,116,000 shares were sold at an average price of HK$0.37855 per share, generating gross proceeds of approximately HK$524,336,000. These proceeds will be used to repay the outstanding loan and accrued interest of approximately HK$151 million, with any remaining balance returned to Hao Tian Management. As a result of this transaction, Aceso Life Science Group's shareholding in Hao Tian International Construction Investment Group Limited has decreased from 28.16% to 10.27%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Aceso Life Science Group Ltd. published the original content used to generate this news brief on July 14, 2025, and is solely responsible for the information contained therein.

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