HAO TIAN INTL Arm Sells Stake in Co-Lead Holdings for HK$43 Million

Stock News
Sep 08

HAO TIAN INTL (01341) announced that its wholly-owned subsidiary, HAO TIAN Energy Holdings Limited, entered into a sale and purchase agreement with Co-Lead Holdings Limited on September 8, 2026, after trading hours. Under the agreement, the seller agreed to dispose of, and the buyer agreed to repurchase, 436 shares in its issued share capital, representing approximately 2.95% of the total issued shares, for a consideration of HK$43 million.

The company previously subscribed for 580 shares of the buyer in May 2025, representing approximately 3.92% of its equity, for a total consideration of HK$50 million, or approximately HK$86,206 per share, as a medium-to-long-term investment aimed at capital appreciation and/or dividend returns. After holding the investment for just over a year, the buyer's net asset value has grown since the investment was made. As of June 30, 2026, the buyer's unaudited net asset value stood at approximately HK$1.456 billion, translating to an unaudited net asset value of approximately HK$98,504 per share.

Following arm's-length negotiations between the seller and the buyer, the buyer agreed to repurchase the sale shares at HK$98,623 per share, which approximates the par value of the buyer's unaudited net asset value per share as of June 30, 2026, and represents a premium of approximately 14.4% over the company's acquisition cost of approximately HK$86,206 per share. The board believes this presents a favorable opportunity to realize part of its investment in the buyer and reallocate the group's financial resources to other business opportunities and needs.

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