LITIAN PICTURES Shareholder Transfers Holdings from Yuexiu Securities to KGI Asia

Stock News04-29

A recent filing with the Hong Kong Stock Exchange reveals that on April 28, a shareholder of LITIAN PICTURES (09958) transferred a stake valued at HK$4.4794 million from Yuexiu Securities to KGI Asia. This transfer represents approximately 5.03% of the company's shares.

In a separate announcement, LITIAN PICTURES confirmed that all conditions under the placing agreement have been fulfilled, and the placing was completed on April 22. A total of 68 million placing shares, representing about 13.6% of the company's enlarged issued share capital following the completion, were successfully allocated to no fewer than six placees. The shares were placed at a price of HK$0.156 per share, in accordance with the terms of the placing agreement.

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This transfer represents approximately 5.03% of the company's shares.</p>\n<p>In a separate announcement, LITIAN PICTURES confirmed that all conditions under the placing agreement have been fulfilled, and the placing was completed on April 22. A total of 68 million placing shares, representing about 13.6% of the company's enlarged issued share capital following the completion, were successfully allocated to no fewer than six placees. 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