Xinhua News Media issues 153.00 million new shares at HK$0.033 to offset HK$5.05 million debt
Bulletin Express
May 27
Xinhua News Media Holdings Limited completed a share placement on 27 May 2026, issuing 153.00 million ordinary shares under its general mandate at HK$0.033 per share. The proceeds were applied to fully settle a HK$5.05 million debt (principal and interest) owed by the company to a creditor.
Following the transaction, the company’s outstanding share count expanded by 7.92%, rising from 1.93 billion to 2.08 billion shares. No treasury shares were involved, and the company reported no share repurchases or cancellations during the period.
The board confirmed that the issuance complied with all relevant Hong Kong Stock Exchange listing rules and legal requirements, and that all consideration had been duly received.
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