Nine Hing Holdings Will Give 60% Options To The Max Group.

Manufacturer Stella International Holdings Ltd. Ltd. (1836.HK)

After its quarterly results on Tuesday, Holdings Limited released a separate announcement in the evening that its subsidiary Stella Fashion will grant Stella's 60% subscription option to Stella group.

According to the call option agreement, the nine Xing group will regroup the retail business in China, and subscribe to the max. group's issued share capital after the expansion of up to 20%.

Accordingly, if Stella Fashion exercised Max warrant to subscribe Max warrant shares for three years, the shares of Max group or Max listed company could not be listed, and Stella Fashion could ask Max group to buy all shares of Max's put option.

The prerequisites for the above subscription paction are that Stella Fashion Fashion shall enable all the nine retail businesses of China to enter special purpose investment instruments within six months from the date of the investment agreement.

All the shares of trade (Shanghai) Co., Ltd., all the issued shares of Couture Accessories Distribution Limited, and some business assets of Xingji Fashion Trading (China) Co., Ltd.

The above three investment vehicles are mainly for the nine Xing Xing retail business assets in China.

Max group indirectly owns about 64.75% of the controlling stake by Jiang Zhiqiang.