Kiu Hung unit AOM converts HK$39.77 million debt into 147.3 million new shares

Reuters04-02

Kiu Hung unit AOM converts HK$39.77 million debt into 147.3 million new shares

Kiu Hung agreed on April 2 to convert HK$39.77 million of debt owed to subscriber Ou Zhu into equity via a share subscription.
Deal issues 147.3 million new shares at HK$0.27 each, implying about 11.07% dilution on completion.
Debt being capitalized totals HK$37.52 million principal plus HK$2.25 million interest.
Subscriber stake rises to about 15.07% from 4.5% if completed.
Transaction requires shareholder approval at an SGM.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kiu Hung International Holdings Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260402-12095779), on April 02, 2026, and is solely responsible for the information contained therein.

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