Shenzhen International Holdings (HK:0152) has released an update.
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Shenzhen International Holdings has announced a significant financial restructuring move, converting a RMB 300 million debt into equity within its connected subsidiary, Pingshen International. This debt-to-equity swap will elevate Bay Area Investment’s equity stake in Pingshen International from 70% to approximately 80.92%. The transaction, which falls within specific regulatory reporting thresholds, aims to enhance capital structure without requiring independent shareholder approval.
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