Shenzhen International Seeks Share Issuance Extension

Shenzhen International Holdings (HK:0152) has released an update.

Shenzhen International Holdings has proposed to extend the validity period of the resolutions and the specific mandate for the issuance of A Shares to selected targets, including a significant investment from XTC Company, aiming to ensure the smooth completion of the issuance process. The original plan involved issuing up to 654,231,097 A Shares for a maximum of RMB 6.5 billion, with XTC Company committing to RMB 1.51 billion. This extension is subject to shareholder approval, with no material changes to the initial agreement.

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