Central Development Holdings Limited has announced a connected transaction involving the capitalisation of a loan through the subscription of 87,500,000 new shares under a specific mandate. The new shares will be allotted and issued to Oceanic Capital at a capitalisation price of HK$0.4 per share. This transaction aims to settle part of the Group's existing liabilities without utilising current financial resources, thereby avoiding cash outflows. The company considered other fundraising alternatives but determined that loan capitalisation was the most appropriate option given its current financial position. The transaction remains subject to approval at an upcoming extraordinary general meeting.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Central Development Holdings Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251128-11933397), on November 28, 2025, and is solely responsible for the information contained therein.