HAO TIAN INTL (01341.HK): Sells 2.95% Stake Back to Co-Lead at 14.4% Premium for HKD 43 Million; Expected Gain of HKD 5.4 Million
NewTimeSpace News: On 8 September 2026 (after trading hours), Hao Tian International Construction Investment Group Limited (stock code: 01341) announced that its wholly owned subsidiary Hao Tian Energy Holdings Limited entered into a sale and purchase agreement with Co-Lead Holdings Limited to sell (by way of buyback) 436 shares in the buyer, representing approximately 2.95% of the buyer's issued share capital, for a consideration of HKD 43,000,000. As the applicable percentage ratios exceed 5% but are all below 25%, the disposal constitutes a discloseable transaction under Chapter 14 of the Listing Rules. The buyer is an independent third party principally engaged in investment holding.
The consideration is payable in cash in three installments: HKD 16,000,000 on or before 15 September 2026, HKD 16,000,000 on or before 7 October 2026, and the balance of HKD 11,000,000 on completion. If the buyer fails to complete the purchase, the seller may terminate the agreement and fully forfeit the first installment as liquidated damages. Upon completion, the company's equity interest in the buyer will decrease from approximately 3.92% to 0.97%, with an expected gain on disposal of approximately HKD 5.4 million (subject to audit) and net proceeds of approximately HKD 43 million to be used as general working capital.
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