Agile Unit Offloads 26% Stake in Condiments Maker; Shares Rise 3%

MT Newswires Live
Jun 24, 2025

Agile Group (HKG:3383) unit Yaxin Investment will divest its entire 25.9% stake in condiments maker Guangdong PRB Bio-Tech for 234 million yuan through two separate agreements, according to a Tuesday Hong Kong bourse filing.

Under the first part of the disposal, Yaxin Investment will sell its 21.16% shareholding in the target to Guangdong Foodstuffs Export Group for 191.2 million yuan.

Separately, Guangdong PRB Bio-Tech will repurchase a 4.74% interest from Yaxin Investment via a capital reduction for 42.8 million yuan.

Agile said the disposal proceeds will be used to repay principal and interest on its bonds due this year, while the capital reduction proceeds will support daily operations, according to the filing.

The property developer expects to record an estimated loss of about 26.3 million yuan from the transactions.

Shares of Agile Group gained almost 3% in Tuesday's late morning trade.

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