ZHONGHUA GAS (08246) to Issue 140 Million Capitalization Shares to Executive Director Hu Yishi

Stock News
Oct 20, 2025

ZHONGHUA GAS (08246) announced that on October 20, 2025, the company (as the issuer) entered into a loan capitalization agreement with Mr. Hu Yishi, the chairman of the board and executive director (as the subscriber). The company will issue 140 million capitalization shares to the subscriber at a price of HKD 0.098 per share. The total subscription amount for all capitalization shares payable by Mr. Hu will be settled through capitalization and the offset of part of the outstanding loan upon the completion of the loan capitalization. The loan refers to the outstanding principal amount provided by Mr. Hu to the group starting from February 8, 2024, to fund its general working capital. As of the date of this announcement, the loan amount is HKD 36,861,640. The loan is unsecured and interest-free. Mr. Hu has agreed not to demand repayment until the group has sufficient cash resources to do so.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10