Summary by Moomoo AI
On 9 April 2024, China Jinmao Holdings Group Limited (“China Jinmao”) issued a voluntary notice announcing that its holding shareholder Sinhuo Hong Kong (the Group) Limited (“Sinkhao Hong Kong”) had undertaken a growth plan to purchase 17,500,000 shares of ordinary shares on the same day. The move demonstrates Hong Kong's confidence in the future development of China's Jinmao and recognises the long-term investment value of its shares. After the increase, Sinhalese Hong Kong holds approximately 37.22% of China's issued shares for a total of 5,024,395,902 shares. Neutralize Hong Kong undertakes that the increase will not trigger mandatory contractual liability under the Acquisition and Merger Code of Companies. Jinmao of China confirmed that the company's public shareholding remained in compliance with the requirements and did not participate in the share purchase and did not provide financial support for the accretion plan.