Easyknit International Holdings Limited (1218) published supplemental details regarding a very substantial disposal. According to the announcement dated 20 November 2025, the purchase price for the sale transaction is expected to be approximately HK$287.1 million, subject to certain dollar-for-dollar adjustments. The figure is derived from a net asset value of HK$716.1 million as at 31 August 2025, adjusted by debt novation of HK$120 million, a securities transfer of HK$36.5 million, and a net amount due from Mark Profit’s ultimate holding company and fellow subsidiaries of HK$272.5 million.

The maximum principal amount of the 2025 Convertible Note is also HK$287.1 million. At an initial conversion price of HK$0.169 per share, a maximum of 1,698,816,568 conversion shares may potentially be allotted, representing approximately 167.5% of Eminence’s existing issued share capital and 62.6% of its enlarged share capital upon full conversion.

The transaction remains subject to various conditions precedent, including approvals from Easyknit’s shareholders and Eminence’s shareholders. As such, the disposal may or may not proceed, and interested parties are advised to exercise caution when dealing in the company’s securities.