Planetree International Development Limited has announced a discloseable transaction involving a share swap agreement with Oshidori. Under the agreement, Planetree will issue and allot 189,105,535 new shares to Oshidori (or its nominee) under the existing General Mandate, which has not yet been utilised. The issuance of these shares does not require further shareholder approval. An application will be made for the listing and permission to deal in the new shares on the Hong Kong Stock Exchange. The transaction forms part of a broader strategic cooperation between Planetree and Oshidori.
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