Planetree International Development Limited (Stock Code: 613) has announced the disposal, through its indirect non-wholly-owned subsidiary Planetree (BVI) Capital Limited (PCL), of a total of 1.6 billion shares in Hao Tian International Construction Investment Group Limited (Stock Code: 1341.HK). According to the announcement, the disposals occurred from 3 November 2025 to 10 November 2025 and were conducted on the open market. This block of shares represented approximately 14.75% of Hao Tian International’s total issued share capital as of the announcement date.

The aggregate consideration of the disposals was approximately HK$238.7 million (excluding transaction costs), with an average selling price of HK$0.1492 per share. Prior to the disposals, Planetree International Development Limited held 1.6 billion shares in Hao Tian International. Following completion, the group no longer holds any shares in the company.

Hao Tian International engages in various sectors, including rental and sales of construction machinery, money lending services, asset management, securities brokerage, property development, and has ventured into artificial intelligence projects. For the year ended 31 March 2025, it reported audited revenue of HK$145 million and a net loss after taxation of HK$199 million. The company’s audited net assets as of 31 March 2025 amounted to approximately HK$989 million.

Planetree International Development Limited stated in the announcement that the net proceeds, estimated at about HK$237.9 million, will be allocated to PCL’s working capital and business development. Based on the difference between an acquisition fair value of HK$0.214 per share on 22 October 2025 and the average disposal price, the group expects to recognize an aggregate loss on disposal of around HK$103.7 million. After accounting for PCL’s approximately 29.82% non-controlling interest, the loss attributable to the listed company’s shareholders is expected to be about HK$72.8 million.

As the disposals occurred within a 12-month period and certain applicable percentage ratios exceeded 5% but were below 25%, the announcement confirms that this series of transactions constituted a discloseable transaction under Chapter 14 of the Listing Rules. It is therefore subject to relevant reporting and announcement requirements.