Shui On Land Limited has announced an update on a transaction involving a capital contribution increase to a fund and the equity transfer of project companies. The announcement details that Shui On Properties Limited, Shui On Investment Company Limited, and New Rainbow Investments Limited-collectively a closely allied group of shareholders-have provided their written approval for the Cooperation Agreement and the transactions it encompasses. This group controls a significant portion of the company's issued share capital, amounting to approximately 56.21%. With their approval secured, no extraordinary general meeting will be convened to consider the agreement and its related transactions. Further information about the Cooperation Agreement and the transactions will be provided in a forthcoming circular.
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