FANTASIA Finalizes Restructuring Agreement Involving COLOUR LIFE Share Dispute

Stock News
Mar 13

FANTASIA (01777) has announced the completion of the transactions contemplated under a restructuring agreement on March 12, 2026. Following the completion of these transactions: (i) the buyer acquired approximately 21.97% of the issued shares of COLOUR LIFE; (ii) approximately 10.0% of the issued shares of COLOUR LIFE were transferred to an entity designated by TFISF, as an enforcement of an alleged guarantee; (iii) the company retained approximately 9.98% of the issued shares of COLOUR LIFE, which are not subject to any alleged guarantees or other claims; and (iv) COLOUR LIFE ceased to be a subsidiary of the company. As of the announcement date, Ms. Zeng, indirectly through parties including the buyer, the company, and Fantasy Pearl International Limited, holds approximately 59.99% of the issued shares of COLOUR LIFE and continues to be its controlling shareholder.

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