AGTECH HOLDINGS (08279) announced that on April 15, 2026, mFinance, an indirect wholly-owned subsidiary of the company, entered into a capital increase agreement with Ant Bank (Macau), Xunyi (Macau) Holdings, and Yinyi (Macau) Investment. According to the agreement, mFinance conditionally agreed to subscribe for 3 million shares in Ant Bank (Macau), representing approximately 32.6% of the bank's issued share capital following the capital increase. The subscription price is set at 100 Macau Pataca per ordinary share, resulting in a total investment of 300 million Macau Pataca. Upon completion of the capital increase, the respective shareholding percentages of mFinance, Xunyi (Macau) Holdings, and Yinyi (Macau) Investment in Ant Bank (Macau) will be approximately 67.3%, 16.4%, and 16.3%. The Board of Directors believes the capital injection will enable Ant Bank (Macau) to meet Macau's minimum capital requirements for licensed banks, thereby strengthening its financial position and supporting its future business development. The Board also views this move as increasing the company's indirect stake in Ant Bank (Macau) from approximately 51.5% to about 67.3%, which will further solidify its standing in Macau's banking sector and allow it to capitalize on market growth opportunities.
Comments