China Qidian Guofeng Clarifies Former Shareholder Status and Pricing in Debt Capitalisation Share Issue

The latest announcement is out from Qidian International Co., Ltd. ( (HK:1280) ).

China Qidian Guofeng Holdings Limited issued a supplemental announcement clarifying details related to its previously announced issuance of new shares under a general mandate for debt capitalisation. The company confirmed that China Ruike Investment & Development Co. Ltd., which had provided an unsecured, interest-free advance in 2017 and was previously a shareholder connected to a former director, had ceased to be a shareholder as of 30 December 2025 and no longer holds any interest in the company. The company also specified that the settlement share issue price of HK$2.84 represents a discount of approximately 15.63% to the average closing price of HK$3.366 per share over the five trading days immediately preceding the execution of the deed of settlement, while stating that all other information in the earlier announcement remains unchanged, offering greater clarity to investors on the terms of the debt capitalisation and the identity of the creditor involved.

The most recent analyst rating on (HK:1280) stock is a Sell with a HK$3.00 price target. To see the full list of analyst forecasts on Qidian International Co., Ltd. stock, see the HK:1280 Stock Forecast page.

More about Qidian International Co., Ltd.

China Qidian Guofeng Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates through a group structure with subsidiaries and is overseen by a board comprising executive, non-executive and independent non-executive directors. The announcement positions the company within the capital markets framework of Hong Kong, where it utilizes general share issue mandates as part of its financing and balance sheet management strategy.

Average Trading Volume: 770,668

Technical Sentiment Signal: Sell

Current Market Cap: HK$6.08B

Learn more about 1280 stock on TipRanks’ Stock Analysis page.