JIUFANG DIGITAL (08238) Transfers 17 Million Shares Worth HK$2.49 Million, Shifting 5.11% Stake Between Brokers

Stock News08-26

Data from the Hong Kong Stock Exchange reveals a notable position shift for JIUFANG DIGITAL (08238) on August 25, with a total transfer market value of HK$2.4898 million, representing 5.11% of the company's issued shares.

In this move, the shareholder transferred 17 million shares into KGI Securities Asia while simultaneously transferring the same 17 million shares out of Honesty Securities, indicating a reallocation of the stake between brokerage accounts.

Earlier, the company announced that all conditions precedent under the subscription agreement had been fulfilled, leading to the issuance of convertible bonds with a principal amount of HK$3.5 million on July 10, 2026.

Based on the initial conversion price of HK$0.2 per share, these convertible bonds can be converted into 17,418,240 shares, which equates to approximately 5% of the company's existing issued share capital as of the announcement date, and about 4.76% of the enlarged share capital following the issuance of the conversion shares.

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