Energy International Investments Holdings Limited (ENERGY INTINV, 00353) plans to issue a total of 1.03 billion new shares to three subscribers at HK$0.245 each, raising gross proceeds of about HK$253.58 million. The net amount, approximately HK$252.07 million, will be used to fully redeem preferred shares issued by its subsidiary Shundong Port, which carry an 8% annual dividend once certain profitability conditions are met.
Among the three subscriptions, Subscriber II will subscribe for 835.00 million shares, increasing its shareholding from 53.25% to at most 66.67% of the enlarged capital upon full completion. The other two subscribers will subscribe for 100.00 million shares each. The subscription price represents an approximately 18.33% discount to the closing price before the agreement date.
After issuance, the Company’s public float will drop from 43.83% to 22.39%, and the total issued shares will rise from 1.08 billion to 2.12 billion. The Extraordinary General Meeting to seek shareholders’ approval is scheduled for 2 April 2026 in Hong Kong.