Haotian International Construction Investment (01341) plans to sell 8.05% of Tre 29 Investment's shares for HK$42 million

According to Zhitong Finance App, Haotian International Construction Investment (01341) issued an announcement. On September 17, 2026 (after the trading period), the seller Haotian Energy Holdings Limited (a wholly-owned subsidiary of the company) signed a sales agreement with the buyer Tre 29 Investment (Holdings) Limited. According to this, the seller has agreed to sell back the sales shares, that is, 1,865 shares of its issued share capital (equivalent to approximately 8.05% of its issued share capital), at a cost of HK$42 million. Following the completion of the sale, the company's shares in the buyer will be reduced by approximately 13.48% to approximately 5.44%.

The company previously subscribed to the purchaser's 3125 shares in May 2025 (equivalent to approximately 13.48% of its shares) at a total cost of HK$50 million (or HK$16,000 per share). The company's initial plan was to hold the investment as a medium- to long-term investment for about 2 to 5 years to obtain capital appreciation and/or dividend returns.

After holding the investment for more than a year, the investment's performance exceeded the company's expectations, and the buyer's unaudited net asset value has increased significantly due to unrealized returns from its financial investments. On 30 June 2026, the buyer's net unaudited asset value per share was approximately HK$26,513, up approximately 63.3% from the net unaudited asset value of HK$16,238 per share on 31 March 2025. Therefore, the company plans to realize part of the investment benefits earlier than initially planned. After negotiations between the seller and the buyer in accordance with the principle of fairness, the buyer agreed to buy back the sale shares at HK$22520 per share, a premium of about 40.8% over the company's acquisition cost (i.e. approximately HK$16,000 per share), and a discount of about 15% from its unaudited net asset value per share on June 30, 2026.

Given that the investment period is approximately 16 months (from May 2025 to September 2026), the premium is equivalent to an annualized rate of return of about 30.6%, which is a very attractive reward for the company and its shareholders. Therefore, the Board believes that it realizes part of its investment with the buyer and supplements the Group's cash reserves to meet other business needs and seize business opportunities.