China Gas (08246) plans to issue a total of 230 million capitalized shares

According to Zhitong Finance App News, China Gas (08246) announced that on April 16, 2025 (after the trading period on the Stock Exchange), the company (as issuer) and Mr. Hu (as the subscriber) entered into a loan capitalization agreement. According to this, the contracting party conditionally agreed that the subscriber will subscribe and the company will allocate and issue a total of 230 million capitalized shares at the capitalized price of HK$0.119 per capitalized share. The total capitalized price of all capitalized shares payable by the subscriber will be settled by capitalizing and offsetting part of the loan after completion.

Assuming that there is no change in the total number of issued shares between the date of this announcement and the allocation and issuance of capitalized shares, capitalized shares account for about 5.70% of the total number of issued shares at the date of this announcement; and about 5.39% of the total number of issued shares expanded through allotment and issuance of capitalized shares.

The company will apply to the Stock Exchange for approval to list and trade capitalized shares.