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Fantasia Holdings Group Co. Ltd. ( (HK:1777) ) has issued an announcement.
Fantasia Holdings Group Co., Limited has called an extraordinary general meeting in Shenzhen on 15 May 2026, seeking shareholder approval for a major issuance of new shares to scheme creditors as part of a restructuring arrangement. The proposal covers the issuance of more than 5.1 billion new shares at HK$1.52 each to subscribers, with directors empowered to execute all necessary actions to implement the share scheme.
The company is also asking shareholders to approve the issuance of mandatorily convertible bonds with a principal amount of about USD501 million, which can be converted into roughly 2.57 billion additional shares at the same HK$1.52 conversion price. If approved, these measures would significantly expand Fantasia’s share base, support its restructuring efforts, and materially affect existing shareholders’ ownership and the company’s capital structure.
More about Fantasia Holdings Group Co. Ltd.
Fantasia Holdings Group Co., Limited is a Cayman Islands–incorporated property developer listed in Hong Kong under stock code 1777. The group operates primarily in mainland China, with a focus on real estate development and related services targeting urban customers in key economic regions.
Average Trading Volume: 778,339
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$461.8M
For detailed information about 1777 stock, go to TipRanks’ Stock Analysis page.